✉news BusinessEconomy first seen 7 h ago, last 37 min ago, peak #2
Japan tightens monetary policy to defend the sinking yen
Original: Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’
Japan has begun scaling back its ultra-loose monetary policy in an effort to prop up the yen, which has fallen sharply against the dollar. Commentators note the move is being helped by expectations of looser policy from the US Federal Reserve, dubbed Japan's 'American friend', which narrows the interest rate gap driving the currency's decline.
Why now: The yen's weakness and Japan's policy shift have major implications for global markets and currency flows.
JapanBank of JapanFederal ReserveyenUnited States
Rank over time, top of the chart is #1. 10 snapshots from 7 h ago to 37 min ago.
Evidence
- Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’ · EL PAÍS English
API: https://socialmediatrends-api.osmike.com/v1/trends/69038