In this episode of The More Freedom Foundation Podcast, hosts Rob Morris and Ruairi unpack one of the most overlooked stories in global economics: America's intervention to support the Japanese yen. Was it an act of solidarity with a key ally—or a desperate move to protect the U.S. economy as fears of a global recession continue to grow?

The discussion explores the unique economic relationship between the United States and Japan, the significance of the yen in global financial markets, and why Japan's decades-long economic experiment matters far beyond Tokyo. Rob and Ruairi examine the carry trade, Japan's enormous holdings of U.S. debt, the legacy of Abenomics, and how currency markets have become a critical battleground in an increasingly fragile global economy.

As recession warnings intensify, the episode asks whether Washington's actions were really about saving Japan—or preventing a financial shock that could ripple through the United States and the rest of the world.

If you enjoy deep dives into geopolitics, economics, and the forces shaping the future of the international order, this episode is for you.

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