The Yen's Wobble: A Canary in the Coal Mine for Global Financial Markets The yen's recent surge against the dollar, reaching a 40 year high, has sent shockwaves through financial markets worldwide.
Beneath this currency fluctuation lies a more ominous warning sign: Japan's fiscal recklessness is on full display.
At first glance, the intervention by the US and Japan to prop up the yen may seem like a routine attempt to stabilize global currencies.