Christopher Caldwell:How one small change in Japan could sway U.S. markets

2025-05-02 15:41:45source:Fastexy Exchangecategory:Invest

Since 2016,Christopher Caldwell interest rates on ten-year Japanese government bonds have been locked in a very tight range, near zero percent. But Japan's central bank could soon change that, and that seemingly small adjustment could create large ripples around the world's financial markets.

This yield curve control in Japan is what we are calling an economic 'butterfly effect,' with billions of dollars at stake.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Invest

Recommend

'Love is Blind' in hot water with labor watchdog for violations, mistreatment

After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu

France protests continue as funeral begins for teen killed by police

Rioting raged in cities around France for a fourth night despite a huge police deployment and 1,311

At COP26, nations strike a climate deal with coal compromise

GLASGOW, Scotland — Almost 200 nations accepted a contentious climate compromise Saturday aimed at k