joining us now in london, erik britton. great to have you on the program. lots of the world to address with you, and the united states, and britain, we'll come to this. the bond rout is something not specific to japan, not driven by japan, but we see the boj having to take action to limit bond yields as was their policy in september. eric: i can't help thinking of the phrase "fiddling while rome burns." they want to manipulate timing, movements in the yield curve which obviously is matters of bond traders and so on, but let us not forget that japan has been in this situation for 25 years and counting, a very low growth, a very close to zero yields, all the way down the yield curve. do we really think that shaving enths tens off the- t awful make a big difference to the story? what would make a difference? yousef: abenomics encapsulates a lot of the things you just mentioned. what is the future of that policy? you are not a big believer in it. you are saying it has failed. erik: it has failed. what was a test with? was tasked with making a decisive differenc