Japan’s Warning for America

Japan’s Warning for America
Banknotes of the Japanese yen and the U.S. dollar are seen in this illustration picture taken on Sept. 23, 2022. Florence Lo/Reuters
Michael Wilkerson
Updated:
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Commentary

In late April, Japan saw its currency, the yen, rapidly depreciate against the U.S. dollar and other world currencies to record low levels. This drew the attention of financial markets and other observers and—in some quarters—led to panic. There was concern that Japan, a formerly great nation now increasingly viewed as the “sick man of Asia,” was on the brink of a currency and financial markets crisis.

Michael Wilkerson
Michael Wilkerson
Author
Michael Wilkerson is a strategic adviser, investor, and author. He's the founder of Stormwall Advisors and Stormwall.com. His latest book is “Why America Matters: The Case for a New Exceptionalism” (2022).
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