The US Treasury’s sale of euros to boost the yen could have effects nobody bargained for
· livemint.com
America’s support for Japan‘s currency could have unintended consequences that go far beyond exchange rate management. Japan’s PM seems at odds with its central bank over monetary policy—and there’s also the yen carry trade to think about.
Rahul Jacob
Rahul Jacob is a Mint columnist who writes about the global economy in his column “World Apart”. He is a former foreign correspondent for the F...