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Friday, 4 September 2026

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The Boom Daily: Yen Defence, AI Deflation and Korea’s Hangover

Japan’s latest intervention was more than another attempt to frighten speculators away from the yen. The estimated $52.8 billion operation on July 31 would be the largest single-day currency intervention in the country’…

Is Bessent Buying Yen in Support of US Bonds?

The US Treasury bought Japanese yen last Friday and again Monday morning in its first coordinated intervention in the currency since 2011, following Japan’s earthquake and tsunami. It is only the third such move since 1…

Could heatwaves make your food shop more expensive?

While this summer's hot and dry weather might be enjoyed by sunbathers, it is less than ideal for farmers. Could it also have an effect on the prices we pay for food at the shops?