«To us, Japanese interest rate policy resembles the Berlin Wall of the late Cold War era, a stale anachronism that must sooner or later fall,» says Jim Grant. For the editor of the iconic investment bulletin Grants’ Interest Rate Observer, recent developments in Japan pose an underestimated risk to global financial markets. Not least because virtually no one is talking about it.

https://www.zerohedge.com/markets/jim-grant-warns-japan-perhaps-most-important-risk-world

“In this regard, it helps to know a little bit of financial history, and to just that extent it helps to be a little old. But what is not helpful is to mistake the past for a certain roadmap to the future.”