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Trader: Here’s What Central Banks Won’t Do
By Kevin Muir of “The Macro Tourist” fame; reposted here with permission
Last week, markets got all excited about comments from Bank of Japan Governor Kuroda that Japan’s inflation is “finally close” to the BoJ’s 2% target. Overnight, there were suddenly all sorts of articles speculating on the end of the BoJ’s extraordinary easy monetary stimulus.
This pattern happens time and time again. A Central Banker makes some conciliatory noises about how the economy is getting better, a
