In May, the yield on Japan’s ten-year government bond touched 2.8%, its highest level in nearly three decades. For a market that spent a generation anchored near zero, this was not a technical adjustment — it was a tremor that reverberated across the Pacific: as Japanese yields lurched higher, US Treasury yields moved with them. […]
Tag: China Deflation
Posted inChina
In defense of Chinese deflation
Posted inChina
