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Arzu ALVAN

Economy Blog, Academic Perspective

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The Last Fortress Falls: What the Bank of Japan’s Surrender Really Means

Arzu ALVAN / December 27, 2025

For fifty years, something has been quietly breaking. Nobody talked about it much. It was boring. It was technical. It was happening in Japan. But maybe this boring thing in Japan was actually the most important thing in the entire global financial system.

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