‘Honebuto shock’: new term coined as Japan fiscal policy is probed

Japanese government long-term bonds briefly climbed to 2.81% on Thursday, July 3 – their highest level in thirty years – prompting one analyst to refer to it as the “honebuto shock,” a reaction to the prospect of larger deficits stemming from the Takaichi government’s pending Basic Policy on Economic and Fiscal Management and Reform (the honebuto) and the Bank of Japan’s sluggish […]

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