Disturbed in Japan

By |2016-05-10T11:04:27-04:00May 10th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Japanese officials including those at the Bank of Japan have been acting very erratic of late, eschewing the more traditional financial setting of vagueness. First it was NIRP that immediately blew up in their face, leading to very loud rumors of additional bank “stimulus” to offset NIRP only to have the BoJ instead do nothing at its last policy meeting. [...]