Finance Minister denies BoJ has firm intentions to defend the yen
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2 comments
My brother in Kuraisuto, that’s literally the function of a central bank in any country. You have a large reserve of a WRC that you deploy when your currency is being oversold; you use the WRC to buy it back on the open market to defend the price. Likewise, you sell it when the price becomes too high. Consequently, and as a sidenote, this is why the US must always run a deficit, because they’re the WRC and must always export the dollar.
lol we’re doomed, im already living in areas where prices for regular generic curry ramen is 275 yen, probably my most hateful fuc*king inflation price gotta be the pizzamon from family mart, i don’t care about my bills being more expensive. i wanted to enjoy a 150 yen pizzamon and now its 265 at its cheapest. this country is going down the moment the pizzamons start doing 300 yen, like that’s my limit. when a pizzamon takes up 3% of my monthly wage.