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According to Richard Werner (pdf. posted here: t.me/stoneweapon/1435), the yen currency collapse could accelerate to Y174/$ or even Y239/$. The political force behind yen depreciation/liquidity is a geopolitical phenomena driven by the privately owned FED and privately owned interest in the BOJ. The MOF in Japan is at odds with the BOJ, …
According to Richard Werner (pdf. posted here: https://t.me/stoneweapon/1435), the yen currency collapse could accelerate to Y174/$ or even Y239/$. The political force behind yen depreciation/liquidity is a geopolitical phenomena driven by the privately owned FED and privately owned interest in the BOJ. The MOF in Japan is at odds with the BOJ, and the interventions ordered from the MOF are obviously futile in the longer run.
What is the geopolitical strategy? I suspect the yen is being weaponized against Europe, specifically Germany and by extension industry in the EU that cannot compete with Japanese exports; at least as a first order effect that pushes German companies to reshore its industry in US, Canada, Mexico et al. I think of it as a US reindustrialization strategy that also comes with subsidies via IRA, https://www.dw.com/en/is-german-industry-migrating-to-the-us/a-65031130 and lower energy costs post Nord Stream.
Schluter for example recently relocated to Hamilton, ON with $1B revenue in NA distribution and now they are saving approx. $1M per month in manufacturing costs.