Japan's foreign exchange fund special account is attracting attention as a possible source of funding for consumption tax reduction or elimination proposed by many parties ahead of Sunday’s general election. https://www.japantimes.co.jp/business/2026/02/04/economy/forex-fund-special-account-tax-cuts/?utm_medium=Social&utm_source=mastodon #business #economy #forex #currencies #taxes #2026lowerhouseelection #bonds
U.S. removes call for BOJ to raise interest rates https://www.japantimes.co.jp/business/2026/01/30/economy/us-removal-call-boj-interest-rates/?utm_medium=Social&utm_source=mastodon #business #economy #us #usjapanrelations #boj #japaneseeconomy #inflation #yen #currencies
The yen has gained amid broad weakness in the dollar as traders remained on heightened alert over Japanese intervention to halt the currency’s recent slide. https://www.japantimes.co.jp/business/2026/01/26/markets/yen-extends-gains-dollar-pressure/?utm_medium=Social&utm_source=mastodon #business #markets #yen #forex #currencies #bonds
on a different note 🎶💵 ...
"that was just the proposal put up at the 1944 conference...
There was another plan that didn't get up, put by JM (Lord) Keynes an economist rather than a politician, which would not have had the US as the predominant global financial power and would have led to an entirely different rule-based #worldorder.
#Keynes's idea was known as " #Bancor", named after the new currency that he proposed. It wouldn't be a unit of money that people could carry in their wallets or, these days, tap with their phones, but a "unit of account" that would be used for transactions between governments and central banks. Its value would be fixed to gold, but adjustable, and all other national #currencies would be pegged to it."
edit "There have already been a few attempts at doing something like what Keynes proposed.
The IMF has an existing reserve asset called the SDR (special drawing rights) and in 2009, the governor of the People's Bank of China called for the SDR to be transformed into a "super-sovereign reserve currency" modelled on Keynes's Bancor to replace the US dollar.
That was opposed by the US and didn't get up, and China didn't have the clout then that it has now."
https://www.abc.net.au/news/2026-01-26/trump-us-dollar-keynes-bretton-woods-economy /106260832
PS: i just broke the link to remove his ugly face... just take out the nbsp/
The yen abruptly staged its biggest one-day surge since August on speculation that Japanese authorities could be preparing to mount a market intervention to halt the currency’s slide. https://www.japantimes.co.jp/business/2026/01/24/markets/yen-jumps-intervention-speculation/?utm_medium=Social&utm_source=mastodon #business #markets #yen #currencies #sanaetakaichi #us
Yen traders are on edge for the risk of renewed volatility in the currency as uncertainty over the nation’s snap election grows with a Bank of Japan meeting approaching next week. https://www.japantimes.co.jp/business/2026/01/17/markets/yen-boj-election-uncertainty/?utm_medium=Social&utm_source=mastodon #business #markets #sanaetakaichi #diet #lowerhouse #yen #currencies #boj #interestrates
Finance Minister Satsuki Katayama shared concerns with U.S. Treasury Secretary Scott Bessent about the weakening yen during a bilateral meeting on the sidelines of a G7 conference in Washington. https://www.japantimes.co.jp/business/2026/01/13/katayama-bessent-concerns-yens-weakening/?utm_medium=Social&utm_source=mastodon #business #satsukikatayama #scottbessent #yen #forex #currencies
Stablecoins are likely to be a factor, not a game changer, in Japan’s bond market as issues will focus on buying short-term debt. https://www.japantimes.co.jp/business/2026/01/05/markets/stablecoins-bond-market/?utm_medium=Social&utm_source=mastodon #business #markets #jpyc #stablecoins #currencies #digitalization #cashless #sbi #shinseibank #banks #bonds #debt #financeministry #japaneseeconomy #jgb
As candidates vie to become chair of the U.S. Federal Reserve, it's unclear whether the central bank will maintain enough autonomy and credibility to manage the economy under pressure from politics and the market. https://www.japantimes.co.jp/commentary/2025/12/23/world/fed-autonomy-credibility/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #us #federalreserve #supremecourt #donaldtrump #dollar #currencies #globaleconomy #debt #ai
Japan's first bank-backed yen-based stablecoin could be available by 2026 with the payments market as one of the main targets for the product https://www.japantimes.co.jp/business/2025/12/16/tech/sbi-stablecoin/?utm_medium=Social&utm_source=mastodon #business #tech #jpyc #stablecoins #currencies #digitalization #cashless #sbi #shinseibank #banks
Finance Minister Satsuki Katayama said it is "clear” that volatile yen swings aren’t "moving based on fundamentals,” in the latest expression of the government’s frustration over the currency. https://www.japantimes.co.jp/business/2025/11/30/finance-minister-fx-moves/?utm_medium=Social&utm_source=mastodon #business #satsukikatayama #yen #currencies
Tokyo is open to intervening in the currency market "to mitigate the side effects of a weak yen,” one official said, reflecting PM Takaichi’s inflation concerns. https://www.japantimes.co.jp/business/2025/11/23/economy/takaichi-proactive-yen-intervention/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #takujiaida #yen #currencies #forex
‘Sell-Japan’ trade takes a breather as verbal intervention dialed up slightly and stimulus package that so worried the market within expectations https://www.japantimes.co.jp/business/2025/11/21/markets/sell-japan-pause/?utm_medium=Social&utm_source=mastodon #business #markets #forex #currencies #yen #dollar #financeministry #japaneseeconomy #sanaetakaichi #boj #kazuoueda
Yen and Japanese bonds continue to retreat ahead of super-big stimulus and as verbal intervention from top officials is lacking. https://www.japantimes.co.jp/business/2025/11/20/markets/market-turmoil-thursday/?utm_medium=Social&utm_source=mastodon #business #markets #forex #currencies #yen #dollar #financeministry #japaneseeconomy #sanaetakaichi #boj #kazuoueda
A yen rout has brought talk of ¥160 to the dollar and possible intervention as Japan's new administration is hit by a triple whammy of falling stocks, bonds and currency. https://www.japantimes.co.jp/business/2025/11/19/markets/yen-160-intervention/?utm_medium=Social&utm_source=mastodon #business #markets #forex #currencies #yen #dollar #financeministry #japaneseeconomy #sanaetakaichi #boj #kazuoueda
Stablecoins are designed not to fluctuate in value, and that could attract users interested in making quick and cheap transfers and payments. https://www.japantimes.co.jp/business/2025/11/14/tech/stablecoins-explainer/?utm_medium=Social&utm_source=mastodon #business #tech #jpyc #stablecoins #currencies #digitalization #cashless
Traders are increasingly skeptical that Japan’s new government will be able to shore up the yen by direct intervention as the currency slumps toward levels that previously drew authorities into the market. https://www.japantimes.co.jp/business/2025/11/13/economy/yen-dollar-intervention-debate/?utm_medium=Social&utm_source=mastodon #business #economy #forex #currencies #yen #dollar #financeministry #japaneseeconomy
The world’s first yen stablecoin, JPYC, could make one-second transfers costing less than ¥1 a reality. https://www.japantimes.co.jp/business/2025/10/27/tech/jpyc-first-yen-pegged-stablecoin/?utm_medium=Social&utm_source=mastodon #business #tech #jpyc #stablecoins #currencies
‘Takaichi trade’ starts unwinding as political calculus upended by Komeito exit, with stocks dropping and the yen strengthening in choppy trade https://www.japantimes.co.jp/business/2025/10/10/markets/takaichi-yen-plunge/?utm_medium=Social&utm_source=mastodon #business #markets #forex #currencies #yen #dollar #japaneseeconomy #sanaetakaichi #ldp #komeito
Despite heightened geopolitical tensions and escalating trade wars, the U.S. dollar’s global dominance is unlikely to fade in the near term, leaving Asian economies vulnerable to dollar shocks. https://www.japantimes.co.jp/commentary/2025/10/10/world/asia-and-dollar-dependence/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #usdollar #yen #yuan #currencies #forex #monetarypolicy #asean #china #us