The article presents the author's views on an acceleration in Bank of Japan rate hikes and the circumstances surrounding an alleged development at the Federal Reserve Bank of New York at the direction of the US Treasury two days later.
The article presents the author's views on a period in which Bank of Japan rate hikes accelerate. It questions the weaknesses underlying the Bank of Japan's “beautiful scenario” for monetary policy, while also touching on subsequent economic developments and their impact on markets.
Two days later, it states that some development occurred at the Federal Reserve Bank of New York at the direction of the US Treasury, suggesting that instructions from the US side may also influence Japan's monetary policy decisions.