by Well… I’d say MMT people can’t use that figurative language any more… BOJ rather saying: “don’t fight the Fed!”…The Bank of Japan made a surprise decision to let the 10-year Japanese government bond rise as high as 0.5% from a previous cap of 0.25%The central bank had set a target range around zero for the benchmark government bond yield since 2016 https://t.co/HoGqut5Oyp— Nick Timiraos (@NickTimiraos) December 20, 2022
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Well… I’d say MMT people can’t use that figurative language any more…
BOJ rather saying: “don’t fight the Fed!”…
The Bank of Japan made a surprise decision to let the 10-year Japanese government bond rise as high as 0.5% from a previous cap of 0.25%
The central bank had set a target range around zero for the benchmark government bond yield since 2016 https://t.co/HoGqut5Oyp
— Nick Timiraos (@NickTimiraos) December 20, 2022