Japan sits on both a tectonic and a financial fault line.
America's Treasury Secretary Scott Bessent was recently so worried
about weakness in Japan's currency, the yen,
that he used the financial firepower of the US government
to prop up its value.
But Mr. Bessent's worries may not be over yet;
the currency has weakened again, interest rates are rising,
and a new government is on a spending spree.
Japan's financial system is intertwined with that of the world,
and some economists worry that it could blow up.
So could Japan take down the global economy?
I'm Henry Curr, and this is Inside Economics.
With me, I have Josh Roberts, our capital markets correspondent.
Hi, Josh.
Hi, Henry.
And joining down the line from Singapore,
we have Ethan Wu, our Asia business and finance editor.
Hi, Ethan, your first time on Inside Economics.
Welcome to the show.
Hi, Henry.