Japan Stocks Drop 5%, Land in Bear Territory

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The yen, considered a haven asset in times of economic uncertainty, rose to a four-month high

 

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Yeah but they’ve got those CLO’s to worry about (made in America of course, where such financial products are even possible)

This makes the BoJ policy impotent as the interest rates becomes blunt to pull back the markets. Further rate cuts can push the Japanese economy to a point of uncertainty with mounting debts at near zero levels

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