The hysteria surrounding the decision by the Bank of Japan (released December 19, 2022) to make a minor adjustment to its yield curve control ceiling on Japanese government 10-year bonds has been predictable but uninformed and full of vested interest…
I have a major reporting deadline today and also have to travel interstate, which means I have no spare time at all. So for today, I am promoting a Podcast I recorded a few weeks ago with Steve Grumbine at…
In discussions about the significant differences that we have observed over the last 30 odd years between the conduct of economic policy in Japan and elsewhere, the usual response from mainstream economists, when challenged to explain the outcomes in the…