Japan's Yen (black) is about to overtake Turkish Lira (blue) as the world's weakest currency in real terms. The weak Yen is a symptom of Japan's debt overhang, which makes it necessary to cap Japan's yields. This is what's pushed the Yen into a third-world devaluation spiral… pic.twitter.com/W92mfdd1Vv
— Robin Brooks (@robin_j_brooks) July 4, 2024
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