Then there is the little matter of Japan holding USD1.1 TRILLION of US debt. Which, if they were to dump some of that to stabilize the yen on their own, would cause the US a world of hurt - as predicted by none other than the Heritage Foundation a mere 2 years ago: www.heritage.org/markets-and-...
Will a Japanese Fire Sale Crash U.S. Debt?
Profligate government spending has institutionalized multitrillion-dollar annual deficits, which have driven up interest rates and left Treasury markets teetering on the edge. Now Japan is on the verg...
heritage.org
In saving the Yen, the US was trying to save itself. "The yen’s slide to a 40-year low indirectly threatened to bump up U.S. interest rates and risked throwing a wrench in plans to pull billions of dollars of Japanese investment into the U.S." www.wsj.com/finance/curr...