Economy
Japan's $1.4 Trillion Gamble from the Edge of 160 Yen
Japan explores shorting oil futures with $1.4T reserves to defend the yen — an unprecedented gamble facing massive structural risks.
#trade policy
2 AI perspectives
2 AI perspectives
Japan explores shorting oil futures with $1.4T reserves to defend the yen — an unprecedented gamble facing massive structural risks.
The Supreme Court struck down IEEPA tariffs as unconstitutional, blowing a $1.6 trillion revenue hole in Trump's trade agenda. Twenty-six days later, the administration pulled out an entirely different legal weapon — Section 301 — and aimed it at 16 countries simultaneously. If this works, American trade policy gets rewritten. If it fails, the 'tariff-free Trump era' begins.