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Markets Look Past Silicon Valley Bank's Collapse | Weston Nakamura

Inflection Point

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Japan Is Not Adjusting Yield Growth Control

Japan inflation is just very like the deflation to get out of that was like kind of almost impossible to do. So therefore you don't blow up the balance sheet to 120% of GDP, which by the way is twice the size of the next round of the ECB and 60%. So they never massive out of QE. The Japan is adjusting yield growth control because Japan is has a severe bond market dysfunction. That's what they're making the decisions based on. Nothing to do with CPI. Anyone who's shorting JGBs with a CPI-based mind frame, you were right for the wrong reasons in December.

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