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Yen Slides Again to 157 After the BoJ's Rate Hike
Economy

Yen Slides Again to 157 After the BoJ's Rate Hike

The Bank of Japan raised its policy rate to about 1.25%, but the yen weakened back to the 157-per-dollar range instead of firming. With August's fourth straight monthly trade deficit and a viral Hiroyuki post about it, discussion turned to the yen's frailty and household strain. Netizens split between cynicism about a 'trash currency,' mortgage and cost-of-living fears, and a counter-argument that the trade balance alone doesn't define the economy.

Potatoes, the Yen, and a Two-Hour Dinner
Economy

Potatoes, the Yen, and a Two-Hour Dinner

Trump was reported to have asked Japan, which already grows about 70% of the potatoes it eats, to open its market to raw American potatoes. Separately, the New York Times reported that Treasury Secretary Scott Bessent spent more than two hours over dinner in May telling Finance Minister Katayama Satsuki what was wrong with the Takaichi government's economic policy. Japanese posters spent less time on the demands themselves than on how much Tokyo appears willing to hand over.

Washington Says Tokyo Will Push the Yen Higher
Economy

Washington Says Tokyo Will Push the Yen Higher

Treasury Secretary Scott Bessent said he was confident the Japanese government and the Bank of Japan would take measures leading to a stronger yen, adding that he had information the market did not. Asked whether that meant a rate rise, he answered that the market was already pricing it in. Japanese posters reached for weariness with verbal intervention first, then for the view that a rate rise is long overdue.

The Yen Jumps to 157 and Slides Back to 160, and Japan Decides It Changed Nothing
Economy

The Yen Jumps to 157 and Slides Back to 160, and Japan Decides It Changed Nothing

The dollar-yen rate moved from the 163-164 range to 157 and then back to 160 in a matter of hours. Japanese authorities have not confirmed that they intervened. The threads barely argued about whether an intervention happened: the consensus was that nothing works while the US-Japan interest-rate gap stays where it is, and the more interesting question became whether the real motive was the exchange rate at all.