Well, they did it. The Bank of Japan ended its NIRP and YCC, raising its call money rate for the first time in forever. That’s not the issue. Why they did it is open for debate, one that right now is taking place across markets. It’s not going well for the rate-hikers.
Eurodollar University’s Money & Macro Analysis
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU