Insights for Navigating an Uncertain World
“One week ago, when the BOJ stunned the world in becoming the first central bank to step in and prevent currency collapse (just days before the BOE become the second one) through a massive open-market intervention – the first of its kind in 24 years – we asked ‘How many tens of billions $ did the BOJ just sell'”
https://www.zerohedge.com/markets/japan-spent-20-billion-its-intervention-support-yen
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts