21 sats \ 1 reply \ @siggy47 16 Apr \ parent \ on: European Economic Downturn Ripples Through UK Employment Landscape econ
So you think the BOJ will wait for the fed to do a rate cut? They import all their oil. How can they afford to keep doing this in a dollar denominated market?
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
reply