Currency Chaos: When Central Banks Play Games of Devaluation The recent US Japan yen intervention is a stark reminder that even in the 21st century, currency markets can be as unpredictable and volatile as ever.
The joint effort to stem the yen's decline raises more questions than it answers – particularly about the motivations behind this unprecedented move. Japan's economic woes have been driving the yen's value down.
The country's aging population, combined with a stagnant economy, has led to a significant decrease in exports and a subsequent rise in imports.