Japan has to sell off its bonds to get dollars to buy oil with since oil is so expensive. I wonder why that happened.
No. That has nothing to do with this.
Setting aside the obvious fact that the BOJ does not buy oil, they’ve been engaged in a (futile) currency defense scheme since long before the Iran conflict. This is purely about the interest rate spread.
alt Hacker News
No. That has nothing to do with this.
Setting aside the obvious fact that the BOJ does not buy oil, they’ve been engaged in a (futile) currency defense scheme since long before the Iran conflict. This is purely about the interest rate spread.