Japan Extreme Fighting Japan

The Lords of Money Pose Massive Threats to Markets

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wsj.com

Think the Fed’s job is hard? At least the U.S. Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises.

That’s leading to some very strange, even contradictory, policies.The troubles of the three central banks mean investors should prepare for the sort of low-probability, high-threat risks that lead to extreme shifts in prices.

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