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… →

When will the BOJ commit Seppuku?

May 1945. The Soviet Red Flag of the sickle and hammer flew over the Reichstag in Berlin. The guns of war fell silent for the first time since September 1939. As the Allies declared Victory in Europe (VE), Japan remained the sole Axis member to resist the Allied nations (led by the United States and … Continue reading When will the BOJ commit Seppuku? →

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 market 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” →