Japan’s Yen Trap: Intervention Buys Time, but There Will Be No Plaza Accord 2.0
By TENGKU NOOR SHAMSIAH TENGKU ABDULLAH KUALA LUMPUR, Aug 7 — The unprecedented US-Japan effort to arrest the yen’s fall may have delivered a powerful short-term rebound, but it cannot repair the structural weaknesses undermining confidence in Japan’s economy, according to Juwai IQI Chief Global Economist Shan Saeed. The yen had weakened to about ¥163.65 against…