Quantitative easing in Japan and the carry trade -By Reza Ismail, Prescient Head of Bonds April 2024
June 25, 2024
On March 19th, officials at the Bank of Japan (BOJ) declared that they will abandon a series of unconventional policies implemented to stimulate the economy and overcome its deflationary malaise. This decision marked the conclusion of a bold experiment, as they aimed to achieve sustained consumption-based measures of inflation of 2.0%.