Japan is running a deficit (recently started), creating a different dynamic from past surpluses; this makes Japan's fiscal position more precarious and adds urgency to the yield curve control trap.
factualpending
Speaker
James BiancoEvidence Quote
“And and now they're running a deficit, right? So, that's a whole different dynamic in Japan.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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