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Japan is a whisper away from a fall blown currency crisis. Will the Bank of Japan intervene for the 2nd time in 22 years? A china 'crash' will throw Japan's bond market and borrowing costs into turmoil.

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Bank of Japan for the first time in seven years opens up the 10 YR yield, taking interest rates out of negative territory. The YEN and stocks rally so does the oil price. Full blown stagflation was held at bay in 2022 on massive oil market interventions. Can it be achieved in 2023?

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Bank of Japan intervenes for the first time in 24 years to shore up the collapsing YEN. The rally was token with the YEN still at two decade lows.

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