Suga fusses over exchange rates while COVID burns

Tokyo trapped in the financial equivalent of Groundhog Day

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20201223 money traders Tokyo.jpg

Money traders of a foreign exchange dealing company in Tokyo, pictured on Nov. 4: there are valid reasons for them to sell the dollar. © AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

As COVID-19 rips through Japan, Yoshihide Suga is training his sights on the real menace: currency speculators.

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