The Bank of Japan’s recent policy evolution clearly shows that policymakers are running out of options according to Deutsche Bank’s Foreign Exchange Economic’s analyst George Saravelos.
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In a report issued to Deutsche Bank’s clients and reviewed by ValueWalk, Saravelos writes that the BoJ’s decision to raise its inflation target beyond 2% and shift from targeting the quantity to the price of money all along the yield curve, reflects a seismic shift in policy at the bank. Unfortunately, this policy change has sent a signal to the...
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