18 Hrs
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الاقتصادية
Japan Uses Dollar to Support Yen
The article focused on Japan's efforts to support the yen by utilizing dollar swap lines instead of selling U.S. Treasury bonds. This approach differs from traditional coordinated interventions and reminiscent of memories from the Asian financial crisis in the 1990s. Experts emphasized that this move shows concerning similarities to that period in terms of dollar liquidity, although Japan's current situation does not reach the level of a crisis like Thailand's. They also pointed out that raising the Bank of Japan's interest rate to around 1.5% could help support the yen, but the ongoing decline of the currency and the risk of rapid depreciation pose significant risks to the Japanese economy.
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