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On Japan: Credit & Yen Bears

Feb 17, 2026
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The yen, the world’s most undervalued major currency, has confounded its legions of detractors and those who have, directly and indirectly, sold it short. Rather than falling to a new low as a result of the recent landslide election win by Sanae Takaichi, the yen has rallied, albeit not significantly.

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