US-Japan Plan to Strengthen Yen Could Boost BitcoinArthur Hayes outlines a US-Japan strategy to strengthen the yen, now undervalued and frustrating the US, China, and Japan. Raising rates by the Bank of Japan risks crashing Japanese bonds. Forcing Japan to sell US assets would destabilize Treasuries.
Japan’s Ministry of Finance pledges US Treasuries to the Federal Reserve via FIMA, using the dollars to buy yen—creating fresh Fed money. This requires lifting the $60 billion FIMA cap and letting GPIF join.
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