Traders Still Get Jobs and Inflation Wrong - Ep 886
The Peter Schiff Show Podcast
00:00
The Bank of Japan's 4% Inflation
The Bank of Japan is still pegging the yield on a 10-year JGB at 50 basis points, a half of 1%. They're printing yen and buying Japanese government bonds to keep 10-year yields below a half of a percent when inflation is 4%. So highly inflationary monetary policy, meaning that inflation is going to get worse. It's not going down from 4, it's going up.
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