With regards to the BOJ, you write that "analysts are expecting further easing of the cap if not dropping YCC entirely". Where are you seeing this? Is that really possible given the level of Japanese government debt and the loss of credibility it would incur after drawing a line in the sand at 25 bps for so long?
With regards to the BOJ, you write that "analysts are expecting further easing of the cap if not dropping YCC entirely". Where are you seeing this? Is that really possible given the level of Japanese government debt and the loss of credibility it would incur after drawing a line in the sand at 25 bps for so long?