Japan has no inflation. The USA has out of control inflation.
That means we need to raise interest rates, which will strengthen the dollar vs the yen.
If the fed wants to tackle inflation there are no alternatives to this scenario.
Raise rates? This isn’t 1981 when we were the largest creditor nation in earth. Now we are the largest debtor nation I’m human history. Rates go up and we implode. Rates don’t go up and inflation kills us. We are painted into a corner, and their answer is a great reset and a new digital currency.