US shifts focus from supporting yen to supporting its own bond market
The US Government has moved away from intervening to support the yen towards supporting its own bond market.
The US Government's policy approach has shifted from currency intervention aimed at supporting the yen to intervention focused on its own bond market. This marks a change in the country's economic priorities and intervention strategy.
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The economy regains its mojo
Roger J Kerr traces the US Government shifts from intervening to supporting the yen to intervening to support their own bond market