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AssassinsMace

AssassinsMace

Lieutenant General

The US has to maintain the illusion that sanctions work because it's the cheapest way to get Americans to believe they have omnipotent power. It's like rape is not about sex. It's about power. It's the rapist thinking they have power over others. Look at how Americans thought just not buying anything from China is that easy and China will collapse. Neither has been proven true. Sanctions on small countries doesn't cost them in blowback that much. Sanctions on big countries like China out right proves they don't work as intended.
 
FriedButter

FriedButter

Major
Registered Member
Huh. I guess that explains a lot. The Bank of Japan pissed ¥5.53 trillion yen ($36.8 billion) in July to support the weak Yen. Up 13% since July 9th. Then 4 days ago, the BOJ also hiked interest rates from 0.10% -> 0.25% for the second time since 2007.

Now the US jobs data came out 2 days ago supporting rate cuts by the Fed over a slowing economy. Cutting rates usually means the US dollar weakens and as such foreign currencies appreciate. So the other central banks also cut rates appropriately. Except the BOJ raised rates compounded by strengthening the currency with intervention.

Now the BOJ got caught with their pants down and the Japanese stock market has been lit on fire.

Japan confirms $36.8 billion currency intervention as weak yen pushes BOJ to hike interest rates​


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