Michael Hudson : The U.S. dollar-yen swap dynamics

https://michael-hudson.com/

Today I did a one-hour interview on Treasury Secretary Bessent’s swap of euros (not dollars) for yen to be dissipated in a short-term attempt to stem its falling exchange rate.

As it happened, the record button was not pressed. So here are my notes, because I think the discussion was timely and I don’t want it… Continue reading