During the week I posted how a one basis point rise in Japanese mortgage rates was headline news: Japan overnight press: Japan mortgage costs rise. One of my favourite bloggers, Tim Duy takes the gloves off in commenting on the same story:

Seriously? The case against Kuroda is that after declining since February, mortgage rates climbed a whole basis point?

:-)

Duy’s blog is here, he is well worth reading for his insights into the US Federal Reserve: Tim Duy’s Fed Watch

The post I’ve quoted from is here: Really? One Basis Point?