- There is some speculation in the market about Japan’s macroeconomic policies, especially fiscal policy
- Yen long positions have been shrinking after the summer
- We all agree that monetary policy itself is in the hands of the BOJ
A bit of added verbal smackdown from Tokyo. This is becoming more frequent after Takaichi’s appointment as prime minister, amid her status as a big fiscal dove.
This article was written by Justin Low at investinglive.com.