Signal Vs. Noise On JGBs And Yen

Did A Takaichi “Fiscal Shock” Really Cause JGB Yield Rise

Source: https://www.yahoo.com/entertainment/neil-degrasse-tyson-uses-dog-prove-climate-change-133600780.html Minute: 102-124

Key Points:

• Signal vs. noise in JGB and yen markets

• Some market players and policymakers see bond market revolting against Takaichi’s expansionary fiscal program via rate hikes

• Is it true?

• Varying explanations for JGBs moves

• Market sees yen moving to ¥165 even if it’s undervalued

• Contesting models to forecast the yen

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