Japan previously would not have been allowed to devalue by the US, but now Japan's trade significance relative to China has diminished, so US strategists view yen devaluation favorably because it 'hurts China way way way more' than it hurts the US; yen devaluation also aligns with US geopolitical interests against China.
causalpending
Speaker
Hugh HenryEvidence Quote
“25 years ago Japan would not be allowed to devalue... there's this global coalition of the willing against the mercantalist and so it actually kind of helps America”
Source
Once In A Lifetime Opportunities in Precious Metals, Japan, And AI w/Hugh Hendry— Rebel Capitalist InterviewsCreated: 8/13/2026, 9:56:54 AM
My Notes
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