As investors worry about budgetary laxity, the central bank prepares for more rate hikes
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In a time of higher inflation, a falling yen and rising bond yields make a noxious blend
The Federal Reserve prepares to cut interest rates in tricky circumstances
Even as interest costs mount, politicians promise handouts
But neither Japan nor America should meddle with exchange rates
Government borrowing costs fluctuate globally as bond markets weigh inflationary pressures from Middle East energy disruptions…
Newly alluring yields on Japanese bonds have not propped up the currency
