CHART: Bank of Japan’s War On The Yen Is Backfiring

11.06.2016 • Politics and War

From Bill Bonner’s Diary (UNITED STATES)-

A war that isn’t going as planned is the Bank of Japan’s war on the yen.

In January 2016, the Bank of Japan dropped its key lending rate into negative territory for the first time ever.

The idea was to push investors out of the yen… and devalue the currency to support the country’s exporters.

But as you can see from today’s chart, the U.S. dollar-yen exchange rate is up 13%. more at Bonner & Partners (English)-

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