Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22
The Exchange
00:00
Why the BOJ Sticked With This Policy?
The BOJ almost became an arm of the government in terms of the fiscal and monetary sort of meshing together. The Japanese bank stock index is down 88% in nominal terms from where it was in 1989. One of the implications of what they did for decades is that Japanese investors tended to be big overseas buyers of other stuff.
Play episode from 05:32
Transcript
