The reality in Japan is that it’s gradually becoming difficult to come up with policy steps for which the merits sufficiently outweigh the costs. Takahide Kiuchi More Quotes by Takahide Kiuchi More Quotes From Takahide Kiuchi The BOJ is powerless in stopping yield falls. It's a key flaw of YCC, which becomes dysfunctional when markets are too volatile, the BOJ may review YCC as early as September, as leaving yield declines unattended would hurt the policy's credibility. Takahide Kiuchi business
