The Bank of Japan did not panic during the pandemic and inflation spike (unlike other central banks); their mistake of yield curve control will eventually fail, but their refusal to overreact was the correct policy approach, and they may prove to be the smart central bank retrospectively.

causalpending

Speaker

David Rosenberg

Evidence Quote

I'll be the lone defender of the Bank of Japan cuz I would say they are the only central bank that didn't panic...I think the Bank of Japan actually got it right.

Source

DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23DoubleLine Capital
Created: 8/11/2026, 1:33:48 AM

My Notes

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