"The Sendai Dischord" - Japan Humiliated At G-7 Meeting In Sharp Rift Over Yen Intervention
At the end of February, shortly after Japan's disastrous attempt to crush the Yen at the expense of a stronger dollar when the BOJ unveiled its first episode of Negative Interest Rates, only for everything to go spectacularly wrong for Kuroda, the world's financial leaders met in Shanghai where the so-called Shanghai Accord took place when in no uncertain terms central bankers around the globe (and especially the Chinese) came down on Janet Yellen like a ton of bricks demanding that the Fed do a "dovish relent", and stop the Fed's monetary tightening talk, ease back on expectations of furth