The Hare and the Yen
POLITICAL ECONOMY · JAPAN The Hare and the Yen Japan’s all-of-government gamble against its own history By Kevin Michael Miller · kevinspolitics.com · August 2026 Tokyo and Washington are buying yen together for the first time since 1998, a new prime minister is trying to build an industrial state by decree, and a battery of machine-learning models says the ground beneath all of it is…














