Weston Nakamura has recently been making the case that Bank of Japan is essentially backstopping the global financial system with its policy of yield curve control, which is indirect US yield curve control. I lay out his case here:
Weston Nakamura has recently been making the case that Bank of Japan is essentially backstopping the global financial system with its policy of yield curve control, which is indirect US yield curve control. I lay out his case here: