The Japanese yen is trading as a meme coin the developer of which decided to sell all his coins 📉
The yen has tumbled well past levels touted as red lines for Japan and at a pace that has traders asking when authorities might start buying the currency to support it.
• Japan's debt-to-GDP ratio is 264%
• The currency is depreciating rapidly.
• The fertility rate is at 1.37, indicating a demographic catastrophe.
• An aging population is leading to a shrinking labor force.
How will Japan deal with all these problems soon, and can the Japanese government deal with them at all? 🤒
