Japan intervened in the foreign exchange market for the first time since 1998 to shore up the battered yen, in the wake of the central bank’s decision to maintain ultra-low interest rates that have hammered the currency. Joe Lin, Director of Investments at multi-family office 金道财富管理 (GEW) shared his thoughts on this intervention, and how he believes it would fail to overpower the discrepancy in monetary policy between the U.S. and Japan.
