Donald Trump recently characterized the currency as “a sign of friendship” in the context of Japan. According to the S-E-N, a bilateral tax was implemented on the Japanese market to mitigate the adverse effects of the yen on the dollar over the past four decades. Speaking to reporters while en route to Tokyo on the “ER FORCE 1” airplane, Trump stated, “The yen is weak and needed a little help.
We are here for Japan all the time.”
The remarks followed reports from the Fajenishle Times indicating that the Federal Reserve Bank of New York, acting on behalf of the Ministry of Finance of the SAD, sold yen at a rate of 1 yen. The vice president addressed sources familiar with the situation. During the discussion, the yen was mentioned in relation to Japan’s substantial holdings of American government bonds, yet the conversation also touched upon the perceived benefit to American interests from the continued weakness of the yen.
Topics: #trump #japan #yen
