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Just a reminder: the Japanese government has bought $1.2 trillion of dollars and euros since 2000 and is currently sitting on one of the biggest trading profits from fx in modern financial history
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Brad Setser
@Brad_Setser
返信先: @Brad_Setserさん
& well, the Government of Japan is long dollars in a big way: its solvency improves as the yen weakens. That is in a sense why there hasn't been urgency to use monetary policy to support the yen. But there also is nothing wrong with taking a few profits to help households
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