The Bank of Japan attempted yield curve control to keep bond yields suppressed; however, this policy was likely nonproductive rather than causative—that is, there was no underlying inflation impulse, so yields would have remained low anyway; the BoJ's policy merely reflected (not created) the deflationary Japanese macro environment.
causalpending
Speaker
Hugh HenryEvidence Quote
“You never got the counterfactual. Maybe rates would have been the same... I'm more in that camp.”
Source
Once In A Lifetime Opportunities in Precious Metals, Japan, And AI w/Hugh Hendry— Rebel Capitalist InterviewsCreated: 8/13/2026, 9:56:54 AM
My Notes
Loading notes...