How Would the Bank of Japan Destroy Global Markets and Roil Central Banks?
To kick off Day 1 of Bank of Japan Week, culminating in an extremely critical first Bank of Japan meeting under new leadership in a decade, Weston first gives his takeaways on the two headlines from overnight - Sankei News’ press test of a comprehensive policy review, as well as Bank of Japan Governor Ueda’s latest comments in Parliament today.
Weston then discusses just how the Bank of Japan may potentially cause major global market disruptions, particularly in the sovereign bond markets, in two ways: trillions in Japanese capital liquidating foreign assets to repatriate back home in favor of higher JGB yields, and violent market turmoil triggered by an explosion of rate market volatility.
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