While the Fed has tried to fight inflation by lifting short-term rates from near zero to almost 4%, the Bank of Japan has remained committed to keeping even 10-year Japanese government bond yields near zero.
And isn't this because they require Japanese companies to buy BOJ bonds and then BOJ uses that money to buy US bonds?
I swear I read that somewhere, but I can't find a source.
>While the Fed has tried to fight inflation by lifting short-term rates from near zero to almost 4%, the Bank of Japan has remained committed to keeping even 10-year Japanese government bond yields near zero.
And isn't this because they require Japanese companies to buy BOJ bonds and then BOJ uses that money to buy US bonds?
I swear I read that somewhere, but I can't find a source.
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