Zach Pandl of the investment bank says that Japan, because of yield curve control, is “importing the volatility in the U.S. macroeconomy.”
The Bank of Japan’s policy mix is ‘not really sustainable,’ says Goldman Sachs
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Excellent insights.
They are biding for time, their economy is so dependent on tourism and exports as a guarantee of middle class Japan incomes, they need to kick- start their recovery with what some would call foolish monetary policy. Yet, the same wise men, never say a word about China’s insane infrastructure investments. As China defaults on Dollar issued bonds. Go ahead send more money down the rabbit hole, maybe they’ll put your name on a warhead- in honor of your contributions to the oppression of Chinese people.