The practice of central bankers wearing their hearts on their sleeves is disingenuous or damaging to economic prospects.

179

The problem with rising short-term bond yields is that they boost the cost of acquiring and servicing credit, and thus they stifle domestic demand.

126

In Japan, the Bank of Japan is telling markets absolutely everything, leading short-term bond yields to rise to a level that threatens prospects for an accelerated end to deflation.

108