52 sats \ 1 reply \ @0xIlmari 27 Apr \ on: Will the yen's crash now be followed by a chain reaction? econ
The central bank's only option is therefore to sell US government bonds and use the proceeds to exchange dollars for yen.
Until they run out of bonds to sell.
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0 sats \ 0 replies \ @zuspotirko 27 Apr
That's going to be a looong "until". Japan bought an absurd amount of us gov bonds over the last 3 decades.
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