As I write this, the Bank of Japan (BOJ) has just announced that it will stand pat on its monetary policy. In the initial reaction, the yen/$ dropped three points to 131.2. The ten-year JGB dropped from 0.506% yesterday to 0.380%, but it remains to be seen whether that is due to BOJ intervention in the bond market. I will wait to see more of the the market reaction before commenting.

TOWARDS A MODERN MONETARY POLICY.

If you think the case for central banks holding cryptocurrencies in their reserves is farfetched, think again. They are already making detailed preparations.

Wednesday, October 26, 2022, 11AM CDT: EconVue Subscriber Event

You are invited to a panel discussion on Japan's outlier monetary policy with economists John Greenwood and Richard Katz, moderated by Lyric Hughes Hale. 

Are central banks overreacting to inflation? Are we in for a positive surprise?

This article is written by Karen Petrou and originally appeared in Federal Financial Analytics.

Halloween weekend seems a good time to try to look past fears about the US elections to the lingering challenges that continue to haunt the global economy. As COVID cases accelerate, the hope that this disease would burn itself out has vanished, and a lasting economic recovery seems to hinge on finding a vaccine.  Beyond distribution, costs, vaccine reticence, and logistics, what are the hurdles we face once a preventative inoculation has been found?  

Charles Kupchan has a new book coming out on October 1st about the history of isolationism in the US. Ever since George Washington advised his new country ‘to steer clear of permanent alliances with any portion of the foreign world” the US has historically been a place people went to in order to escape disruption.