The Japanification of bond markets
The eternal moment
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/sites/default/files/images/print-edition/20190824_FND001_0.jpg)
IN THE 1920S E.M. Forster, an English novelist, set out the difference between a story and a plot. “The king died and then the queen died” is a story, he wrote. But a sense of causality is needed to make a plot more than just a sequence of events. “The king died and then the queen died of grief” is a plot.
This article appeared in the Finance & economics section of the print edition under the headline “The eternal moment”
Finance & economics August 24th 2019
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- France is giving unilateralism a go
- China’s interest-rate revamp highlights the slow march of reform
- The Japanification of bond markets
- Apple and Goldman Sachs launch their credit card
- Who wins from foreign investment?
- The onset of a downturn is as much a matter of mood as of money
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