Japan’s Lesson for the Fed: No Central Bank Is an Island

In the rally currently roaring through the global bond market, Japan is being left behind, exposing the key flaws in its unique monetary policy platform.

The Fed, which is discussing potential changes to its policy framework, should look closely at the shortcomings of the Bank of Japan’s flagship “yield curve control” policies.

Source: https://www.wsj.com/articles/japans-lesson-for-the-fed-no-central-bank-is-an-island-11560935211?mod=e2tw

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