Lost in translation: Japan must get a firm grip on its global messaging for market stability
You might well ask, who cares? This is Japan, after all, the country about which you can write anything and worry later if it’s true, from fictional eyeball-lickers to supposed post-covid-mask smile coaches. Normally, these stories do not have much impact on anything. Except, as this episode shows, official communications can be misread, deliberately or not. Consider what that means for the increasingly sensitive yen and bond markets.
