Japan Has Been Shorting (Manipulating) the Oil Market

One of the reasons Japan and the yen are in such trouble is years of booking losing trades.

Japan is manipulating oil futures officially since March.

Overall they “Under the scheme, Japan would tap its $1.4-trillion foreign exchange ⁠reserves and build short positions in the oil futures market by selling futures contracts to push down prices.”

Japan is literally… https://t.co/JhmJBXW6T9 pic.twitter.com/xojO9Y5rez

— Data Driven Stocks (@stockdatamarket) August 15, 2026