It seems likely that Japanese authorities intervened in the foreign exchange market recently to prop up the yen – see, for example: https://www.ft.com/content/455784ec-0465-46ee-8c73-fc5ce3e31c37. In such circumstances, intervention refers to purchases or sales of domestic or foreign currency without changing the monetary policy stance.
Large-scale intervention by public authorities in currency markets can move exchange rates substantially.
The effectiveness of foreign exchange interventions can last beyond one month.
The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years.
The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers.
Unless the EU matches the proposed US tariffs on Chinese EVs, there would be measurably lower employment in Europe's automotive industry over the next five years.
