WS #13556
US-Japan coordinated yen intervention on July 30-31, with USD/JPY at 157, and BoJ's regional report showing economic weakness, signals ongoing FX intervention and potential further BOJ action. FCC eliminated the 39% national TV ownership cap, shifting to case-by-case review, which boosts broadcasters like SSP and SBGI as they gain flexibility for mergers.
Yen intervention and FX
US-Japan coordinated yen intervention on July 30-31, with USD/JPY at 157, and BoJ's regional report showing economic weakness, signals ongoing FX intervention and potential further BOJ action.
FCC eliminated the 39% national TV ownership cap, shifting to case-by-case review, which boosts broadcasters like SSP and SBGI as they gain flexibility for mergers.