Well said. I expect that Ueda-san is going to start to accept reality soon as evidenced by his comments last night. I suspect that BOJ policy is going to tighten by June
Totally agree on the structural negative outlook for bonds. Appreciate your in-depth knowledge of Japan's balance sheet issues. I think most westerners just take the view it's Japan, it's not like our country therefore there is nothing to see here. I think Japan is instructive for the rest of the west heading towards it's own version of YCC and fiscal dominance.
Middle row, 4th from left?
Well said. I expect that Ueda-san is going to start to accept reality soon as evidenced by his comments last night. I suspect that BOJ policy is going to tighten by June
Totally agree on the structural negative outlook for bonds. Appreciate your in-depth knowledge of Japan's balance sheet issues. I think most westerners just take the view it's Japan, it's not like our country therefore there is nothing to see here. I think Japan is instructive for the rest of the west heading towards it's own version of YCC and fiscal dominance.
https://open.substack.com/pub/jeremymckeown/p/all-getting-very-real?utm_source=share&utm_medium=android&r=3fz7jw