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Japanese Yield Curve Collapses, Investors Give Up Hopes Of BoJ Normalization
While a day doesn't go by when the US Treasury yield curve's plunge is not discussed (and its flattening again today)... As its recessionary-signaling prowess from the past is questioned by those that know better than it's different this time - there is another yield curve in the world that has collapsed with far less media attention... Japan. The decline in Japan’s yield curve is a sign investors have given up on the Bank of Japan readying for a normalization of its unprecedented monetary policy, according to Mitsubishi UFJ Kokusai Asset Management. This curve collapse is happening even as The BoJ is 'stealth ... (full story)