Bank of Japan Ends Yield Curve Control #shorts
Yeah well you know I think what what I recall is uh and and and secretary Yellen apologized for it calling inflation transitory which I’m of the opinion that inflation was transitory they’re just wrong about the time frame right like a lot of it is a lot of it
Was a result of supply chain constraints and so that’s starting to fade I think for Japan specifically it’s important to note that this isn’t and the the the bank bank of Japan even said it just because we’re getting rid of yield curve control which is a monumental step for for their
Economy uh it doesn’t mean they’re going to have a drastic rate hiking cycle I think probably from investors perspective with their recency bias they think of hiking rates and they think of what we did in the United States
The Bank of Japan abandoned its yield-curve control and ended most of its assets purchases aimed at policy easing, making this a landmark move. What does this mean for the future?
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