Will Japan bring down the world economy? | The Economist
Japan’s yen recently hit its lowest level in four decades. America swooped in to help stabilise the currency, but the intervention brought only a temporary reprieve.
Japan’s vast hoard of financial assets means that problems in its economy can reverberate across the globe. Could Japan trigger a global financial crisis? Henry Curr, Josh Roberts and Ethan Wu, three of The Economist’s economics and markets experts, will consider what Japan’s predicament means for the world.
#japan #markets #finance #usa #economy
00:00 – Scott Bessent’s plan to buy billions of yen
01:24 – Why does US intervention matter?
03:19 – Why is the yen so weak?
03:56 – The yen carry trade, explained
04:53 – Why America should be worried about Japan
06:04 – Will Japan bring down the global financial system?
Watch the full show: http://bit.ly/45xaNci
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