Japan Needs More than Foreign Currency Intervention

Einstein famously remarked that a sign of insanity was repeating the same experiment and expecting a different result. If ever this statement had salience, it has to be in the field of foreign exchange intervention to support a flailing currency. Despite all too many past cases, including its own, of foreign exchange intervention failing to provide anything more than temporary currency support, the Bank of Japan now has added its name yet again to the list of failed foreign exchange intervention experiments. The post Japan Needs More Than Foreign Currency Intervention appeared first on America