From Hurricane to Mild recession, What Changed?
Real Vision: Finance & Investing
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The Real Vision Daily Briefing - Part 2
The move of 25 basis points in the Japanese yield curve will not alter that in any way. It still yields negatively when you account for the running cost of hatching the dollar versus the Japanese yen. So I think it's much more important whether the Japanese yen is trending higher lower because if it trends higher, it will make the life a whole lot easier for Bank of Japan. They struggled a lot with the FX last year and currently they can lean back and accept it,. which is a game changer for their holdings of dollar assets. The 2023 outlook could prove to be another interesting year in macro.
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