Dossier
inflation-devaluation spiral
Coverage of inflation-devaluation spiral in the Nexus archive.
- As short-sellers circle the yen, a repeat of 1997 Asian crisis looms
Japan is defending its yen against the US dollar, similar to Thailand's 1996 situation. Weak fundamentals and high national debt limit Japan's ability to raise interest rates, risking an inflation-devaluation spiral that benefits yen short-sellers.