4min chapter

Forward Guidance cover image

Joseph Wang & Alex Etra: Trillion-Dollar Liquidity Drain Imminent

Forward Guidance

CHAPTER

The Tense and Mesmerizing Environment in the US

High energy prices were also weighing on Japan's surplus. And at the same time, you have sort of the move in interest rates in the US that really changes the calculus for a lot of Japanese investors. So it was kind of a very complicated mix. I think this year, coming into this year, we were in a much better place than we were when we came from in 2022.

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