[theold]

While the American Federal Reserve, the European Central Bank and even that of the United Kingdom have already implemented several increases in their rates to fight against inflation, in Japan, where the latter is also evident but remains at levels largely lower, the national financial institution persists in maintaining its ultra-accommodating policy. 

A strategy that could nevertheless turn against the archipelago, as it penalizes the yen against the dollar and increases the cost of imports and therefore inflation.

Under pressure, the Japanese government says it is ready to intervene in the foreign exchange market to support the yen. But such an operation seems very complicated without consultation with Washington, and for many analysts, Tokyo's guns are loaded with blanks.

https://www.latribune.fr/entreprises-fin...33687.html