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Bank of Japan 'stunned' the markets w/major shakeup to YCC. What it all means.

Eurodollar University

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Is Low Rates Stimulus?

Yield curve control was introduced in Japan in September of 2016 for this very reason. More than two decades of quantitative easing and zero interest rate policy failure rates have stayed low, not because of the bond buying, but because the marketplace knows it doesn't work. We should want interest rates to rise, not blame interest rates rising for the lack of success in things like quantitative easing.

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