Bank of Japan Rate Hike Exposes the Yen’s Credibility Trap
Japan raised its policy rate to 1.25%, yet the yen weakened. The contradiction reveals how yield gaps, credibility and carry trades still dominate.
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Bank of Japan policy and its impact on global markets.
Global Bond Yields Are Repricing the Cost of Capital—and Equity Valuations
Global bond yields are rising as sovereign issuance expands and central-bank demand retreats. The result is a higher market-clearing cost of capital that challenges…
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