The Yen’s Downside Risk Persists Despite BOJ Shift
[ad_1] The Bank of Japan (BOJ) widens the 10-year yield trading range. The BOJ announced its latest yield curve control (YCC) change on 19 December, raising the 10-year yield cap…
The Fed’s Blindspot on Global Inflation Drivers
[ad_1] What is driving the surge in inflation and how are central banks misplaying their hand? China: A “One-Country Check on Global Inflation” In “Monetary Policy in the Grip of…
Geopolitical Shock: Regime Change in Inflation and Monetary Policy
[ad_1] Globalization is besieged on multiple fronts. Two years after the outbreak of the COVID-19 pandemic and amid growing geopolitical unrest, the decades-long disinflationary headwind has reversed. Many multinationals have…
Demand Destruction? Two Reasons to Be Skeptical
[ad_1] Demand Destruction ≠ Disinflation Global central banks have made an “all-in” effort to front-load policy tightening to dampen demand. But softer economic data in the United States and the…