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In a bid to prop up the yen, Japan conducted its second currency intervention this week, a move fraught with economic uncertainties and potential pitfalls. Behind Tokyo's latest foray into the currency markets lies a desperate attempt to counteract the yen's persistent weakness, but the implications of such interventions raise critical questions about the sustainability of Japan's economic strategy.

Despite Japan's efforts, the intrinsic value of the yen continues to diminish, exacerbated by relentless printing and the depletion of foreign exchange reserves. Tokyo's policy of selling yen through massive government bond purchases, amounting to a staggering 6 trillion yen ($38.5 billion) monthly, is a short-term fix that fails to address the underlying structural issues driving the currency's decline.

Tags: CURRENT EVENTS, ECONOMY
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Biden has taken a swipe at US ally Japan, blaming xenophobia for its economic struggles as he praised the positive impact of immigration on America.

At an election campaign fundraiser in Washington on Wednesday, the US president suggested that his country’s economy was growing in part “because we welcome immigrants”.

Tags: POLITICS/ ELECTIONS/ CORRUPTION
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By: orraz
Tags: CURRENT EVENTS
Posted on:
By: orraz
Tags: CURRENT EVENTS
Posted on:

Over the past 13 weeks, initial unemployment claims have remained remarkably consistent, hovering around 212k, despite the inherent variability in state programs and seasonal factors such as holidays.

If the trend of minimal volatility persists, it could erode confidence in the accuracy of unemployment data and raise concerns about underlying economic conditions.

Further stagnation in unemployment claims data could potentially trigger broader skepticism regarding the integrity of economic indicators and prompt demands for transparency and accountability from relevant authorities.

Tags: ECONOMY
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Heightened surveillance could result in a climate of fear and self-censorship, undermining democratic principles and creating an environment where dissenting voices are silenced, ultimately eroding trust in the government and institutions.

Tags: CURRENT EVENTS
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