Gearoid Reidy

It’s the movie event of the summer: A spectacle in which our protagonist journeys to mysterious islands, encountering monsters and sirens, and depends on companions to help navigate a hostile world.

Japanese Prime Minister Sanae Takaichi styles herself after Margaret Thatcher, who famously was not for turning. But successful long-term governing sometimes requires a little bending.

Most Japanese prime ministers go through this pattern of early inflated expectations, followed by a crash as fatigue sets in, along with the realities of passing legislation.

Prime Minister Sanae Takaichi styles herself after Margaret Thatcher, who famously was not for turning. But successful long-term governing sometimes requires a little bending.

If there was a coordinated attempt across the Pacific to strengthen the yen, then the Bank of Japan was the weakest link.

As the US relationship with some traditional allies fractured during the second Trump administration, ties with Tokyo have only improved. Now, after they launched a coordinated intervention to strengthen the yen, the alliance seems to explicitly include backing for the Japanese currency.

It's the movie event of the summer: A spectacle in which our protagonist journeys to mysterious islands, encountering monsters and sirens, and depends on companions to help navigate a hostile world.

The bank’s statement on stabilizing underlying CPI inflation was seen as a hawkish shift, but its vague language did not provide the clear message that markets were looking for.

If there was a coordinated attempt across the Pacific to strengthen the yen, then the Bank of Japan was the weakest link. Whatever happened with Thursday’s unexpected intervention, which saw the yen strengthen the most in more than two years versus...

BOJ's vague stance blunts the impact of joint currency support measures