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Japanese lawmaker Taro Kono's recent call to raise interest rates has stirred things up. He thinks it'll help the yen and fight inflation. Bold move.
The yen's pretty weak right now. Around 147 to the dollar. That's way off from its usual spot. Imports are getting pricey. People are feeling the pinch.
Kono's not into handouts. Says it'll just make things worse. He wants the Bank of Japan to step up. Now.
There's a bit of a split in the Liberal Democratic Party. Some want to keep things loose. Others, like Kono, are pushing for a tighter ship. It's kind of a mess.
Japan's in a weird spot politically. Prime Minister resigned out of the blue. The next one's got a lot on their plate. Some candidates want to keep the money flowing.
The Bank of Japan's got a big meeting coming up. September 19th. Everyone's watching. But it seems they might just stick to their guns. Kind of surprising, given all the fuss.
Meanwhile, crypto folks are chattering about the 2021 Apollo 250. It's not entirely clear how it all fits together, but there's definitely some buzz. The line between old-school finance and crypto's getting blurrier by the day.