Dark Skies at Aozora Bank
Japanese lender's shares hit limit down. JPY's bipolar swings in last 30 hours. JGBs rally on strong 10Y auction.
"Aozora” in Japanese means “blue sky (or skies)” - which thereby makes it an amusing name for this particular Japanese bank and its history. Aozora was formerly some other shitty bank for which I don’t care to remember the name- as when the great Japan asset bubble burst in the early ‘90s, that bank was the dirtiest shirt in a filthy laundry pile, such …
Keep reading with a 7-day free trial
Subscribe to Across The Spread to keep reading this post and get 7 days of free access to the full post archives.