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Meanwhile, In Japan…
On Thursday, markets were "treated" to another "Econ 101" lesson.
While previewing this week's slate of global data, I noted that trade figures for Japan would likely be worth a mention, even if the numbers weren't likely to land above the proverbial fold.
The yen's inexorable slide (the currency is on track for its worst year ever) has contributed to a terms of trade shock, which risks becoming self-fulfilling. Data out Thursday showed the country's trade deficit reached a record last month a
I don’t know about the end of ycc but it sure looks like the US is headed for a whopper of a recession soon.
…+1
YCC might end in Japan just in time for its implementation in the US after the Fed’s next accident forces the return of fiscal and monetary support