Japan’s Yen (black) is about to overtake Turkish Lira (blue) as the world’s weakest currency in real terms

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