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What does jawbone mean?
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attempt to persuade or pressure by the force of one's position of authority.
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Is it like mere talking, not having too much weight behind words?
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Thats how i interpret jawbone - trying to influence through words rather than do anything substantial
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blackmail or coercion lol
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In a financial or political context, jawboning is a form of persuasion.
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I hope BOJ gets over the mess, otherwise the situation in other markets will also be worse.
However, I agree that BOJ has had chances before but now they can only jawbone. 99.9% chances of deep recession in Japan is confirmed!