Why a Weak Yen Is America’s Problem
About this episode
The episode discusses the implications of the Japanese yen hitting a 40-year low against the US dollar and the US's involvement in supporting the currency.
As the Japanese yen hit a 40-year low against the US dollar, Japan's government stepped in to support its currency. And it has a powerful ally in US President Donald Trump, who is putting the US financial might behind the historic currency intervention in what he called a “signal of friendship.” On today’s Big Take Asia podcast, host K. Oanh Ha sits down with chief Asia foreign exchange correspondent Ruth Carson to unpack how the yen fell so far, what it could take to get it back on track and what’s at stake for the global economy. Read more: Bessent Says Yen Level Problem for Japan, Other Currencies Further listening: Carry Trades, Explained Could the Chinese Yuan Ever Replace the US Dollar? We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang, Rachael Lewis-Krisky and Victor Swezey; Reported by Ruth Carson; Edited by Paddy Hirsch and Tracey Samuelson. Fact-checking by Victor Swezey; Engineering by Emma Munger and Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See…
People in this episode
Host: K. Oanh Ha
Guest: Ruth Carson
Topics covered
- currency intervention
- yen depreciation
- global economy
- US-Japan relations
- foreign exchange
Keywords
- yen
- US dollar
- currency intervention
- global economy
- foreign exchange
Mentioned in this episode
Organizations: Bloomberg
Places: Japan, United States
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