Why Is the Yen Losing Gains From Intervention?

Summary

The video covers the yen's retreat after intervention and features two key voices: Japan's Growth Strategy Minister Minoru Kiuchi defending fiscal policy as yen-supportive, and Zoom Out Wealth founder Terri Spath making a bullish case for Japanese equities on structural reforms despite yen volatility.

• Yen weakens to 159.23, erasing about half of the gains from joint US-Japan intervention.
• Growth Strategy Minister Minoru Kiuchi insists fiscal policy is sustainable and will create upward pressure on the yen through increased foreign investment.
• Kiuchi pushes back against concerns that Japan's spending plans signal fiscal expansion or retreat from discipline.
• Terri Spath sees a long-term constructive thesis for Japanese equities, citing wages, inflation, corporate reform and an investment cycle.
• Spath believes most US investors remain underweight Japan and recommends an allocation of at least 6% of global exposure.
• The yen is acknowledged as a wild card, but Spath's structural conviction overcomes near-term currency uncertainty.