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The United States and Japan confirmed on Monday their readiness to act again in currency markets after carrying out their first coordinated yen buying operation in nearly three decades. The joint step followed the Japanese currency’s fall to a four decade low and marked a notable shift in official efforts to curb what authorities…
Rising energy costs and fractured supply chains are threatening to derail Japan’s fragile economic recovery. In its quarterly report released on April 6, the Bank of Japan (BOJ) warned that the war in the Middle East is beginning to squeeze regional businesses. Policymakers noted that while the domestic economy remains resilient, the closure of the…
