Nice write up! It’s amazing how Japan hasn’t had an inflation problem even though they’ve maintained yield curve control for so long.
Also amazing the levers we can pull to help each other out globally, like the US giving Japan an infinite line of credit so they don’t need to sell US treasuries.
These ideas get made up in real time, and it’s amazing how “clever” Central Banks can be.
Nice write up! It’s amazing how Japan hasn’t had an inflation problem even though they’ve maintained yield curve control for so long.
Also amazing the levers we can pull to help each other out globally, like the US giving Japan an infinite line of credit so they don’t need to sell US treasuries.
These ideas get made up in real time, and it’s amazing how “clever” Central Banks can be.
Lovely piece on the history of Japan markets and what led us to today's situation. Cheers!
Thanks for the comment, Beachman 🙌