Breaking News: Daenerys Targaryen on Japan's Central Bank Dilemma

The Iron Throne of Central Banking

As the former Queen of the Seven Kingdoms I can sympathize with the powerful position that the Bank of Japan finds itself in. It's a serious challenge and dilemma just like claiming the Iron Throne.

Exit from Negative Interest Rates

According to a former member of the Bank of Japan board the central bank is expected to make a policy change this spring by removing the negative interest rates. Seems like they're trying to break free of the chains that bind them much like Drogon breaking free from his captivity.

Yen Depreciation Woes

The divergence between high U.S. interest rates and Japan's ultra easy policy has put pressure on the Bank of Japan to stem yen depreciation. But fear not for with a little help from my dragons we can surely tame the mighty dragon that is the yen.

Inflation vs. Domestic Demand

The Bank of Japan is caught between a rock and a hard place just like when a horde of White Walkers is charging at you from one side and wildfire is exploding on the other. They're dealing with high inflation rates that have hit domestic consumption leading to a technical recession. Winter is coming indeed.

The Dilemma of Interest Rates

While the Bank of Japan may want to raise interest rates to combat depreciation pressure on the yen they're faced with the reality of a weak economy. It's like trying to convince Sansa Stark to join forces with Cersei Lannister – a difficult task to say the least.

Spring is Coming

Many in the market expect the Bank of Japan to make a move away from negative interest rates in the spring. It's like the arrival of spring after a long and cold winter. Hopefully this change will bring new life to the Japanese economy just as the blooming cherry blossoms bring joy to the land.