Kyle Bass Versus The BoJ – Seeking Alpha

Rising bond yields are often the cause for a change of government policy. A notorious recent case is the Spanish and Italian bond markets cajoling the European Central Bank ECB into action last year. We don’t see any possible signal function from rising bond yields in Japan. Policy makers really are on their last gambit here, there isn’t anything else they can do, which makes the market disciplining function devoid of meaning.

via Kyle Bass Versus The BoJ – Seeking Alpha.