So When Comes the Powell Pivot?
Real Vision: Finance & Investing
00:00
Is the Fed Trying to Control the Yield Curve?
Japan has thought about this a lot. If you look at the latest Ministry of Finance projections for the Japanese budget, they go through very carefully the arithmetic and they compare Japan's situation with other international countries. They point out that actually Japan is by far and away not the worst country in the world in terms of facing dire prospects in the fiscal space. There's many, many other countries that are far, far worse shaped. The Japan, as it happens, and the US are not the dirtiest shirts in the laundry here. That's what we've got to start remembering.
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