Erode that confidence, and you have a crisis on your hands.
“It will not harm the pension beneficiaries”: official
NIRP Absurdity Soars to New Heights.
Among the goodies, “reverse Yankee” landmines.
“Negative interest expense” or some such absurdity yet to be coined.
And the Bitter Irony?
Meanwhile, exports collapse at fastest rate since 2009.
A banking crisis radiating out from Europe?
And there’s a bitter irony.
The Bank of Japan’s desperate head fake.