LOCKED Japan Update: No One Challenges BoJ’s 10-Year Peg
- No One Challenges BoJ’s 10-Year Peg
- Politicians Focus on Wage Negotiations
- Money Flows Out of Investment Trusts
February 14, 2022
US CPI printed 7.5% YoY this week. At what may be a local peak, CB attention has now turned to inflation only weeks after we were assured it was all transitory. In this new framework, the risks are rising of pro-cyclical policy manoeuvres. Grist to the mill of the oscillation thesis and threatening an era of boom/bust.