alt Hacker NewsNo. That has nothing to do with this.
Setting aside the obvious fact that the BOJ does not buy oil, they’ve been engaged in a (futile) currency defense scheme since long before the Iran conflict. This is purely about the interest rate spread.
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dredmorbius • today at 2:26 PM
Investor fears about rising oil prices and how Japan’s Prime Minister Sanae Takaichi can afford her fiscal stimulus plans recently pushed the yen towards 40-year lows
From TFA.
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crypttales • today at 2:31 PM
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dosisking • today at 2:54 PM
> Setting aside the obvious fact that the BOJ does not buy oil
I guess you are not aware that it is the Japanese corporations and not the BOJ that hold the US bonds
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It is not completely but part of the reason Japan wants to defend it's currency is inflation because of increase in energy prices.