Hello fellow rebel capitalists hope you're well if you've been watching the news big problems in Japan they came out last night or this morning and said that they were abandoning their current yield curve policy.

Now this doesn't mean or yield curve control I should say.

Now it doesn't mean that they're abandoning yield curve control altogether, but they're changing the interest rates.

They're changing the rules, the goalposts, if you will. Why? Because I think they're getting a lot of pressure with internal consumer price

inflation and Luke Gorman made a very good point on Twitter that they could be

trying to attract dollars into the country in order to have enough dollars to pay for the oil or energy they need to import.

So let's just go right over, let me do a screen share and then go right over to the story from

CNBC. There we go. Okay, so we're on CN. Bank of Japan shocks global markets with bond yield shift. Key talking points.

The Bank of Japan caught markets off guard by tweaking its yield curve control policy to allow yield on the 10-year Japanese

government bond to move 50 basis points either side of its 0% target as if the

market would naturally take it negative. the market barely even trades, but if it did, I think that, yeah, all right.

I mean, the market barely even trades, but if it did, I don't know that there would be that much demand that we would actually see interest

rates negative, but okay, in its policy statement, the BOJ said the move is intended to improve market functioning. I like how they always say in their statements. All

the central bankers do this. The intention of the policy. Well, the intention is, well, who cares what the intention is?

As we know with these government policies and central planings, the results are usually the complete opposite of the intention.

So basically what they might be telling us is the actual results.

It's just that we have to invert what will happen based on their stated intentions so

improve okay so let's just read this the way it should the

B OJ said the results of this move will most likely be a worsening of market functioning

and discouraging a smoother formation of the entire yield curve

while not maintaining accommodative financial conditions.

Gotta have some fun of this stuff.

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