Peter's Blog

In Surprise Move Bank of Japan Allows Bond Yields to Rise

While most central banks around the world have tightened monetary policy in an attempt to bring price inflation under control, Japan has done the exact opposite. But in a surprise move, the Bank of Japan widened its target range for 10-year Japanese bond yields, effectively raising the interest rate. The move strengthened the yen, put […]

Peter Schiff: How Long Before the Fed Has to Turn Japanese?

Is the US about to go the way of Japan? The Japanese yen tanked after the Bank of Japan vowed to buy an unlimited number of Japanese government bonds in order to hold the 10-year yield under its 0.25% target.