‘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 The post ‘Honebuto shock’: new term coined as Japan fiscal policy is probed appeared first on Asia Times.

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