The yen is approaching the intervention threshold. Will the Bank of Japan "hit the brakes"? | Hi, what's your view today?
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The conflict in the Middle East is intensifying, and the yen is falling even more sharply. The Bank of Japan has been slow to take action—not because it doesn't want to intervene, but because it fears the cost may be too high. Behind this lies a difficult macroeconomic accounting problem.
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