Bullish Traders Erase Yen Losses as BOJ Stands Pat

The transcript discusses the Bank of Japan's (BOJ) limited options in response to Brexit, highlighting the safe haven flows into yen assets. It covers concerns about excessive currency volatility, with differing views between the US and Japan. The impact of negative interest rates on Japanese banks, particularly Tokyo Mitsubishi's threat to exit the JGB market, is examined. Finally, it explores the potential public effects of these bank actions and the shift towards fiscal policy to revive Abenomics.

What are the potential public effects of the Japanese banks' threats to stop being primary dealers?

What is the current state of Abenomics according to the discussion?