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Bank Of Japan’s Batshit Policy Prescriptions Explained In One Short Video
Summarized with a slightly modified quote from the video: "It remains to be seen if this crazy sh*t will work."
(Source: Reuters)
Here are some summary bullets from Deutsche Bank:
1) Raising the opportunity cost of holding currency (cash) through negative nominal and real interest rates, and bringing future spending forward to the present through the inter-temporal substitution of consumption and investment.
2) Rising actual and expected inflation bring forwa
