Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Cost of Japan's Currency Intervention
Japan just burned through eighty billion dollars in foreign reserves to defend the yen, a staggering move that signals deep anxiety about import inflation and capital flight. Lucas and Luna dissect why Tokyo is willing to hemorrhage cash while the Federal Reserve holds rates steady at three point six percent, exploring how this currency war spills over into global trade tensions and consumer prices. With Canada enacting retaliatory tariffs and China’s imports missing estimates, we examine how central bank intervention reshapes the macroeconomic landscape for everyone from American exporters…
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