Economy
Yen Sinks Below the Turkish Lira on Real Effective Rate, Reviving 'Strong Yen' Nostalgia
A widely shared note from former Goldman Sachs economist Robin Brooks showing the yen's real effective exchange rate dipping under the Turkish lira hit Japanese forums hard. Reactions toggled between nostalgia for the 1 USD = 75 JPY era, anger at policy paralysis, and concrete demands — lower consumption tax on food, scrap the renewables surcharge, return FX intervention profits to households.