By propping up the yen, the U.S. and Japan are actually admitting dollar dominance isn’t what it used to be, top economist warns | Fortune0

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• August 9, 2026

Last week’s attempt to boost the sagging yen wasn’t the first time the U.S. and Japan took such joint action, but the way they did it revealed weakness in the dollar’s global status, according to a top currency expert. In a Financial Times op-ed on Tuesday, University of California at Berkeley economist Barry Eichengreen pointed