Seven years since Japan embarked on a highly unorthodox monetary experiment that helped pin down borrowing costs on Wall Street and beyond, the nation’s central bank is loosening its vice-likeon domestic bond yields — with potentially profound consequences for high finance and households across the US.
Think higher interest rates for Corporate America, more expensive mortgages for home buyers and lower demand for risky assets including stocks, in the event that Japanese buyers bring their huge pools of overseas investments back home for higher returns.
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