https://redlib.catsarch.com/r/stupidpol/comments/1sb4j1u/boj_to_raise_rates_with_eye_on_iran_war_fallout/
Gonna raise the cost of borrowing to invest (in energy), so that we can stop inflation triggered by an external supply crunch for energy. This is the fundamental retardation of contemporary monetary policy in action.
I've said for awhile the first major nation to have a leader that is able to power through and avoid this stupidity is gonna run through the global status quo like Napoleon Bonaparte through europe and I regret to inform everyone that with the Bank of Canada so far signaling that they don't intend to raise rates, Mark Carney might be that guy.