Silicon Valley Bank’s ‘Swimming Naked’ Moment Is Spooking Japan

Silicon Valley Bank’s ‘Swimming Naked’ Moment Is Spooking Japan

Anyone wondering why the Bank of Japan hasn’t had the courage to raise rates these last 20 years will find clues in the collapse of Silicon Valley Bank. The worst U.S. bank failure since 2008 has its roots in the Fed doing what the Japanese central bank hasn’t: normalizing monetary policy.

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