Transnational Thursday is a thread for people to discuss international news, foreign policy or international relations history. Feel free as well to drop in with coverage of countries you’re interested in, talk about ongoing dynamics like the wars in Israel or Ukraine, or even just whatever you’re reading.
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Notes -
Noahpinion had a good (paywalled) article about this: https://www.noahpinion.blog/p/is-japan-having-a-currency-crisis
The gist of it was that they're stuck in a hard spot. Nobody wants Japanese bonds because their interest rates are so low. And they can't raise interest rates because they have so much government debt and also a fragile employment situation. Still, "freefall" is an exaggeration. It's low but not that low. They have options, including if necessary, currency controls (forbidding people from selling the currency).
My contraversial opinion is they could solve this through immigration. There are a lot of weebs/retirees/weirdos who would want to move and live in Japan, but can't get a visa. Just let us buy a golden visa and go buy one of the abandoned houses there.
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