{"id":63577,"date":"2026-02-09T10:20:53","date_gmt":"2026-02-09T10:20:53","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=63577"},"modified":"2026-02-09T23:18:53","modified_gmt":"2026-02-09T23:18:53","slug":"japan-on-a-new-course","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/","title":{"rendered":"Japan&#8217;s Debt Trap"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Japanese PM Sanae Takaichi led her Liberal Democratic Party to a resounding 316 out of 465 seats win in Sunday&#8217;s snap election for Japan&#8217;s lower house.<\/li>\n<li>The Yen strengthened, and long-term bond yields declined on the result.<\/li>\n<li>The Japanese government is in a debt trap caused by precarious debt levels, negative real interest rates, a weakening Yen, and rising inflation.<\/li>\n<\/ul>\n<hr \/>\n<p>Japanese Prime Minister Sanae Takaichi delivered the country&#8217;s first post-war supermajority in Sunday&#8217;s snap election. Her Liberal Democratic Party won 316 out of 465 seats in Japan&#8217;s powerful lower house.<\/p>\n<p>The arch-conservative leader has pledged to suspend the 8% sales tax on food, called for a return to the large-scale fiscal stimulus deployed by former Prime Minister Shinzo Abe (2006-2007 and 2012-2020), and wants to revise Japan&#8217;s pacifist constitution. (Reuters)<\/p>\n<p>The Japanese Yen strengthened against the Dollar, but remains in a long-term downtrend. The Yen has weakened considerably since Takaichi&#8217;s appointment in October 2025. However, currency markets hope that Takaichi&#8217;s resounding victory will ease pressure to adopt populist policies.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jpy.png?resize=525%2C404&#038;ssl=1\" alt=\"Japanese Yen\" width=\"525\" height=\"404\" \/><\/p>\n<p>Japan has struggled to recover since industrial production plateaued in the 1990s.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jp-ind-prodn.png?resize=525%2C295&#038;ssl=1\" alt=\"Japanese Industrial Production\" width=\"525\" height=\"295\" \/><\/p>\n<p>Japanese fiscal debt ballooned as the government ran large deficits to stimulate the economy. Now, fears of rising inflation have driven up long-term interest rates, threatening a fiscal crisis as debt-servicing costs rise.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jp-fiscaldebt-gdp.png?resize=525%2C295&#038;ssl=1\" alt=\"Japanese Fiscal Debt to GDP\" width=\"525\" height=\"295\" \/><\/p>\n<p>Takaichi seeks to follow a fiscal path similar to that of Japan&#8217;s longest-serving prime minister, Shinzo Abe, with large-scale fiscal stimulus now known as &#8220;Abenomics.&#8221; However, inflation is much higher than during Abe&#8217;s tenure, which ended in 2020. Japanese core CPI excluding food and energy (termed &#8220;core core&#8221; in Japan), remains stubbornly high at 2.9%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jp-cpi-corecore.png?resize=525%2C359&#038;ssl=1\" alt=\"Japanese CPI Inflation Excluding Food &amp; Energy\" width=\"525\" height=\"359\" \/><\/p>\n<p>The Bank of Japan has slow-walked the pace of increases in its policy rate, which remains deeply negative at -2.15% (0.75% minus 2.9%), heightening fears of high inflation.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-boj-rate.png?resize=525%2C295&#038;ssl=1\" alt=\"Bank of Japan Policy Rate\" width=\"525\" height=\"295\" \/><\/p>\n<p>Rising Japanese interest rates, accompanied by a weakening Yen, have alerted bond markets to a potential fiscal crisis. Rising rates typically strengthen the domestic currency by attracting inflows of foreign capital. The weakening Yen warns of the opposite: capital outflows despite higher interest rates, as bond markets are wary of inflation risk.<\/p>\n<p>Bond markets are demanding increased compensation for inflation risk, with the 30-year Japanese bond yield climbing above 3.75% before retracing to test support at 3.5% after the snap election result.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jp30y.png?resize=525%2C321&#038;ssl=1\" alt=\"30-Year JGB Yield\" width=\"525\" height=\"321\" \/><\/p>\n<p>Japanese stocks have also soared on expectations of higher inflation, with the Nikkei 225 index in a strong uptrend.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-n225.png?resize=525%2C404&#038;ssl=1\" alt=\"Nikkei 225 Index\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Japanese Prime Minister Sanae Takaich&#8217;s resounding victory in Sunday&#8217;s snap election provides her with the political cover needed to make the tough decisions necessary to avoid a fiscal crisis. Whether she is sufficiently pragmatic to seize this opportunity will become evident in the months ahead.<\/p>\n<p>Japan is in a debt trap.<\/p>\n<p>The pursuit of large fiscal stimulus risks a budgetary crisis as higher inflation drives up bond yields, threatening a budget blowout. Intervention by the Bank of Japan to suppress long-term interest rates through large bond purchases would risk a currency crisis, with a collapse of the Yen.<\/p>\n<p>Japan&#8217;s long-term bond yields are artificially low, supported by the Bank of Japan&#8217;s large-scale bond purchases. The chart below from Robin Brooks compares JGB 30-year yields (JP) with the yield on Germany&#8217;s 30-year Bund (DE). Both bonds offer similar yields despite substantial differences in the two countries&#8217; debt-to-GDP ratios.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jp30y-de30y.png?resize=492%2C431&#038;ssl=1\" alt=\"30-Year JGB Yield vs. German 30-Year Yield\" width=\"492\" height=\"431\" \/><\/p>\n<p>We expect that the Yen will continue to weaken until the above disparity is rectified, with capital flowing out of Japan into more secure markets.<\/p>\n<p>A weak Yen, or higher Japanese interest rates, has far-reaching implications beyond Japan&#8217;s domestic bond market. Japanese investors hold $11 trillion of international investments. Rising domestic interest rates, a falling Yen, or attempts to support the Yen by selling reserve assets \u2014 can destabilize international capital markets, driving up long-term bond yields.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>Trading Economics: <a href=\"https:\/\/tradingeconomics.com\/japan\/cpi-core-core\">Japan CPI<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/commentary\/breakingviews\/take-japans-triumphant-sanae-takaichi-her-word-2026-02-09\/\">Take Japan&#8217;s triumphant Sanae Takaichi at her word<\/a><\/li>\n<li>Yardeni Research: <a href=\"https:\/\/yardeni.com\/charts\/japan-country-briefing\/\">Japan<\/a><\/li>\n<li>Robin Brooks: <a href=\"https:\/\/substack.com\/inbox\/post\/182156358\">Japan&#8217;s Yen Debasement<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/data\/yen-crisis-tracker-2026-02-03\/\">Yen Crisis Tracker<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Japanese PM Sanae Takaichi led her Liberal Democratic Party to a resounding 316 out of 465 seats win in Sunday&#8217;s snap election for Japan&#8217;s lower house. The Yen strengthened, and long-term bond yields declined on the result. The Japanese government is in a debt trap caused by precarious debt levels, negative real interest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Japan&#8217;s Debt Trap&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,45,46,13,17,6165],"tags":[7067,109,7157,962,7156,7162,7155,1934,7158,7160,7161,1935,2479,7159],"class_list":["post-63577","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-debt-levels","category-deficit-spending-employment","category-inflation-economy","category-japan-korea","category-japanese-yen","tag-30-year-jgb-yield","tag-abenomics","tag-bank-of-japan-policy-rate","tag-debt-crisis","tag-debt-to-gdp-ratio","tag-election-victory","tag-german-30-year-yield","tag-japan","tag-japanese-cpi-inflation-excluding-food-energy","tag-japanese-industrial-production","tag-japanese-prime-minister-sanae-takaichi","tag-japanese-yen","tag-nikkei-225-index","tag-shinzo-abe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Japan&#039;s Debt Trap - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan&#039;s Debt Trap - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Japanese PM Sanae Takaichi led her Liberal Democratic Party to a resounding 316 out of 465 seats win in Sunday&#8217;s snap election for Japan&#8217;s lower house. 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The Japanese government is in a debt trap caused by precarious debt levels, negative real interest &hellip; Continue reading \"Japan&#8217;s Debt Trap\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2026-02-09T10:20:53+00:00","article_modified_time":"2026-02-09T23:18:53+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jpy.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"Japan&#8217;s Debt Trap","datePublished":"2026-02-09T10:20:53+00:00","dateModified":"2026-02-09T23:18:53+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/"},"wordCount":639,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jpy.png","keywords":["30-Year JGB Yield","abenomics","Bank of Japan Policy Rate","debt crisis","Debt-to-GDP Ratio","Election Victory","German 30-Year Yield","Japan","Japanese CPI Inflation Excluding Food &amp; Energy","Japanese Industrial Production","Japanese Prime Minister Sanae Takaichi","Japanese yen","Nikkei 225 Index","Shinzo Abe"],"articleSection":["Banks &amp; Interest Rates","Debt Levels","Deficit Spending &amp; Employment","Inflation","Japan &amp; Korea","Japanese Yen"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/","name":"Japan's Debt Trap - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jpy.png","datePublished":"2026-02-09T10:20:53+00:00","dateModified":"2026-02-09T23:18:53+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jpy.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-02-09-jpy.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/09\/japan-on-a-new-course\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Japan&#8217;s Debt Trap"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-gxr","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":63208,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/27\/japans-debt-trap\/","url_meta":{"origin":63577,"position":0},"title":"Japan&#8217;s debt trap","author":"Colin Twiggs","date":"November 27, 2025","format":false,"excerpt":"Key Points The yield on 30-year Japanese government bonds is rising steeply. Suppressing the yield would risk a Yen devaluation spiral and rising inflation. Allowing yields to rise would protect the Yen but threaten a funding crisis. Japanese government debt was 237 percent of GDP at the end of 2024,\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Japanese Public Debt-to-GDP","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-25-jp-debt-gdp.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-25-jp-debt-gdp.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-25-jp-debt-gdp.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63132,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/20\/carry-trades-at-risk-as-japanese-bond-market-revolts\/","url_meta":{"origin":63577,"position":1},"title":"Carry trades at risk as Japanese bond market revolts","author":"Colin Twiggs","date":"November 20, 2025","format":false,"excerpt":"Key Points The Japanese yen fell to 158 against the dollar. The 30-year JGB yield climbed to 3.37% on concerns over loose fiscal and monetary policy. Unwinding carry trades risks a repeat of the August 2024 financial market sell-off. The Japanese yen has weakened sharply to 158 against the dollar.\u2026","rel":"","context":"In &quot;Japan &amp; Korea&quot;","block_context":{"text":"Japan &amp; Korea","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/japan-korea\/"},"img":{"alt_text":"Japanese Yen","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-19-jpy.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-19-jpy.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-19-jpy.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62539,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/10\/07\/why-gold-bitcoin-sp500-are-climbing\/","url_meta":{"origin":63577,"position":2},"title":"Why Gold, Bitcoin, and S&#038;P500 are all climbing","author":"Colin Twiggs","date":"October 7, 2025","format":false,"excerpt":"Key Points Global investors seek safety in assets that are a hedge against inflation. The September ISM Services PMI warns of a slowing economy but rising prices. Major developed economies are running their economies hot, stoking bond market fears of inflation. Major asset classes, with the exception of bonds, are\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-06-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-06-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-10-06-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63098,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/19\/japans-debt-is-a-global-problem\/","url_meta":{"origin":63577,"position":3},"title":"Japan&#8217;s debt is a global problem","author":"Colin Twiggs","date":"November 19, 2025","format":false,"excerpt":"Key Points Japan's GDP contracted 1.8% in the third quarter due to tariffs. A Japanese government advisory panel proposes a 25 trillion yen ($161 billion) supplementary budget to fund stimulus. The Yen weakened, and 30-year JGB yields climbed to 3.35%. German Bund yields are also rising, increasing pressure on long-term\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"US Net International Investment Position","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-17-us-niip.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-17-us-niip.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-17-us-niip.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63407,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/12\/19\/bank-of-japan-hikes-interest-rate-to-30-year-high\/","url_meta":{"origin":63577,"position":4},"title":"Bank of Japan hikes interest rate to 30-year high","author":"Colin Twiggs","date":"December 19, 2025","format":false,"excerpt":"Key Points The Bank of Japan hiked its policy rate by 25 basis points to 0.75%. Annual inflation remains high, with CPI at 2.9% and 3.0% excluding food and energy. The BOJ expects inflation to gradually heighten. The Bank of Japan hiked its policy rate by 25 basis points to\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Japanese Yen","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-12-19-jpy2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-12-19-jpy2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-12-19-jpy2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":52039,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/04\/30\/yen-hints-at-global-financial-market-unease\/","url_meta":{"origin":63577,"position":5},"title":"Yen hints at global financial market unease","author":"Colin Twiggs","date":"April 30, 2024","format":false,"excerpt":"The Japanese Yen is behaving erratically. After climbing to 160 against the US Dollar it fell as low as 155. There appear to be conflicting views within the Japanese government\/central bank as to whether to defend the Yen's fall. Robin Brooks at the Brookings Institute: In Japan, policy is descending\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Japanese Yen","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-29-jpy.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-29-jpy.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-29-jpy.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/63577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=63577"}],"version-history":[{"count":7,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/63577\/revisions"}],"predecessor-version":[{"id":63585,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/63577\/revisions\/63585"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=63577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=63577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=63577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}