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US ‘Playing With Fire’ as Dollar Risks Yen-Style Debasement
2 outlets - including Fortune and Bloomberg - are covering this story. "Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."
Covered by 2 outlets
All coverage · 2 articles
Fortune
·1h ago
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."
Bloomberg Markets
·6h ago
US ‘Playing With Fire’ as Dollar Risks Yen-Style Debasement
The US bond buyback pledge that whipsawed markets this week is prompting comparisons with policies in Japan, where efforts to contain borrowing costs resulted in prolonged currency weakness.