The BOJ’s new framework may mean that the Yen may become Confetti some day…

In its September policy update, the Bank of Japan (BOJ) announced that it's tweaking its framework to "Quantitative & Qualitative Easing with Yield Curve Control", with 2 major components: Yield curve control: "the bank will control short-term and long-term interest rates" Inflation-overshooting commitment: "the bank commits itself to expanding the monetary base until the year-on-year … Continue reading The BOJ’s new framework may mean that the Yen may become Confetti some day…

The “Decade of the Central Banks”

Throughout the history of financial markets, various colourful and interesting personalities are known to dominate various time periods, appearing as 'wizards' or narrative icons of dominating┬ámarket trends in those times. Think about the 1980s for a moment. Both Ronald Reagan and Margaret Thatcher were sworn into office in the United States and in Great Britain … Continue reading The “Decade of the Central Banks”