Besides verbal intervention, there is little Japan can do to obstruct the rise of the yen. Photo: Reuters
Macroscope by Neal Kimberley
In a Trumpian world, Japan may have little choice but to accept a stronger yen
Japan’s Ministry of Finance is unlikely to act to prevent a rise in the yen at a time when US President Donald Trump is accusing other countries of currency manipulation and complaining about Tokyo’s unfair relationship with Washington
UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.