"We're very strong -- very very strong financially. They are, you know, they have a weakening yen, and they wanted a little bit of help. And we're always there for Japan. Japan's been very good to us, with the exception, of course, of Pearl Harbor"
However you think about Trump, he's objectively hilarious.
The goal appears to be helping Japan without sending a broad weak-dollar signal, and reducing the risk that Japan sells Treasuries, which could push 10- and 30-year U.S. yields, already near pre-2008 financial-crisis levels, even higher.
The U.S. is helping Japan strengthen the yen now because allowing Japan to fight alone could mean large Treasury sales, higher U.S. yields and a more violent disruption of global markets.
Trump:
"Because we have a good relationship with Japan."
"We're very strong -- very very strong financially. They are, you know, they have a weakening yen, and they wanted a little bit of help. And we're always there for Japan. Japan's been very good to us, with the exception, of course, of Pearl Harbor"
However you think about Trump, he's objectively hilarious.
The goal is to weaken the Euro
USA has been selling euro and buying yen and indirectly Korean won
Why do y'all care about the Euro? You make more money from tariffs on wine and cheese and other old stuff when it is strong. Kind of a 180 on policy?
Weaken the dollar: incentivize local production.
Weaken the Euro: incentivize imports of "inferior stuff" you don't need.
We don't care about the euro except to punish EU and other NATO traitors like Spain
Kind of a self-own lol
I don’t understand why Korea indirectly. I thought they were allies!
Yen and Won are correlated
The goal appears to be helping Japan without sending a broad weak-dollar signal, and reducing the risk that Japan sells Treasuries, which could push 10- and 30-year U.S. yields, already near pre-2008 financial-crisis levels, even higher.
I don’t find him funny or interesting in the least. He is no better than a street gang member running the country.
The chancellor etc.
The U.S. is helping Japan strengthen the yen now because allowing Japan to fight alone could mean large Treasury sales, higher U.S. yields and a more violent disruption of global markets.