BOJ (not Boris Orenthal Johnson, rather the Bank of Japsan) Uchida said:
“..the bank will not raise its policy interest rate when financial and capital markets are unstable…”What did Uchida mean? Who is his target audience?
Here’s the Japanese translation:
日本銀行は、金融資本市場が不安定なときには政策金利を引き上げません
Apparently, one of the many possible meanings of Uchida’s version of Japano-Econo-Post-Doctoral gobbledygook follows (and I find it, personally, the most satisfying)
“…no worries my bitches. I covered your obscenely rich asses…”I mean, I could be convinced otherwise by 10,000 or so words from an Econ guru, JD Vance level investment banker or a good video.
Uchida, “axiomatically” (?neologism?) proves once again that maintaining friendships with rich, important people is far more advisable than ever taking an ethical, moral, principled stand.
Otherwise, nothing would ever get done.
