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41 sats \ 5 replies \ @siggy47 16 Apr \ parent \ on: European Economic Downturn Ripples Through UK Employment Landscape econ
I'm going to change subjects again. Do you see the yen? The BOJ has to do something. I was listening to a guy who thinks Japan will sell US treasuries, sending yields through the roof.
yes, i also believe that the intervention of the Japanese central bank is imminent. however, this always happens in the context of coordinated action together with the Federal Reserve. the recent interest rate spike in America and everywhere else is unsustainable for public finances in the medium term.
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the Bank of Japan will soon have to support the yen in order to prevent imported inflation, so much is clear. as far as the sell-off of US government bonds is concerned, I believe that there will continue to be sufficient foreign buyers for the securities. the eurozone in particular will do everything it can to defend the interest rate spread and ensure that it does not widen too far against the euro in order to prevent capital flight
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