Amareos

Ryan Shea

Macroeconomics

<h2>Summary</h2><p><em>Last September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese government bond yields as a complement to its short-term interest rate target, a policy tool investors have become very familiar with given its widespread adoption over the past 30 or so years. As we argued at the time (see forked Insight), the significance of this policy change was lost on many investors. Incredibly, this remains so.  Many</em>…</p>

SummaryLast September the BoJ announced a major change to its monetary policy operations. It introduced an explicit target for long-term Japanese government bond yields as a complement to its short-term interest rate target, a policy tool investors have become very familiar with given its widespread adoption over the past 30 or so years. As we argued at the time (see forked Insight), the significance of this policy change was lost on many investors. Incredibly, this remains so.  Many…

The Market Sentimentalist - Monetary Delusions