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If you‘re scratching your head wondering what’s got Japan‘s economy in a twist, look no further than the yen’s recent performance. It‘s been on a bit of a wild ride, and not in a good way. The country’s top money man, Masato Kanda, has been all over this, saying the yen‘s dive doesn’t make a lick of sense given what‘s happening on the ground in Japan’s economy. You‘d expect the yen to be doing its own thing, moving with the ebb and flow of Japan’s monetary moves and inflation forecasts. But no, it‘s like it’s got a mind of its own, running off in the opposite direction. The Yens Roller Coaster Ride So here we are, watching the yen fall off a cliff to a 34-year low against the dollar, and it‘s causing quite the stir. The government’s got their eyes peeled, ready to jump in if things get too out of hand. They‘re not about to sit back and watch the yen tumble without a fight, especially with the Bank of Japan (BOJ) finally nudging interest rates up for the first time since forever (okay, since 2007, but it feels like forever). This rate hike was supposed to be a big
