
Recent commentary highlights the ongoing pressures faced by the Bank of Japan (BOJ) from market forces. Analysts note that the BOJ appears to have succumbed to market pressures, a trend that has been observed since the era of former Federal Reserve Chairman Paul Volcker. This situation has sparked discussions about the relationship between central banks and market dynamics, with some experts suggesting that the BOJ's actions reflect a broader pattern of central banks being influenced by market behavior. The commentary emphasizes concerns regarding the implications of such dynamics for the functioning of free markets.
Markets are pretty good at bullying monetary authorities, and now the BOJ has fallen into a pattern that started after Paul Volcker. https://t.co/Doj9xPprYV
Markets are good at bullying central banks, says @johnauthers. The BOJ is just the latest to fall into a pattern that started after Paul Volcker https://t.co/7udwHk1ZQ3 via @opinion
The last line in this is the reality of the situation. “Japans central bank capitulated to the markets” In other words they were bullied into doing this. Probably by the Fed. This isn’t how free markets work https://t.co/p7DYcYvAe1
