The nomination of a hawkish BoJ Chair would be illogical – Commerzbank Japan BOJ USDJPY Banks
Japan’s version of Germany’s contrat social of the 1960s and 70s?
“The Germans do not have fond memories of such an arrangement. It ended in bitter disagreement. That might work better in Japan. And even if one was sceptical, a government initiative like that would be informative for JPY investors. It would prove that the government is interested after all in creating sustainable reflation.
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