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SCOUT· 43%42m·2026-08-19·Money
SCOUT· 43%42m·2026-08-19·MoneyDefending the Yen: Can Governments Beat Currency Markets?
Many Happy Returns · 232
The Japanese and US governments just spent an estimated $80 billion propping up the yen — and within a fortnight, the market had pocketed half of it. We ask whether politicians can ever actually beat currency traders. And in the Dumb Question of the Week: Why can't the government just pick whatever exchange rate it…
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