US May Step Up Verbal Intervention on Yen Rout, Jim O'Neill Says [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- US officials already have a watchful eye on the yen and may resort to more “specific” and “public” rhetoric to help Japan stabilize its currency rout, according to Jim O'Neill. Most Read from Bloomberg US and Saudis Near Defense Pact Meant to Reshape Middle East Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Treasuries Rally With Fed Not as Hawkish as Feared: Markets Wrap The speed and scale of yen declines suggest the weakness is becoming more like a currency crisis and the market is possibly closer to the “end game,” the prominent economist said in an interview. O'Neill was the former chief economist at Goldman Sachs Group Inc. who coined the BRIC acronym to describe emerging-market powerhouses Brazil, Russia, India and China two decades ago. Market moves suggest Japanese officials may have interve
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