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BoJ May Need To Buy Foreign Bonds After Running Out Of Other Shit To Buy
I guess there are a couple of different ways you can look at Kuroda's reappointment as Governor of the most profligate DM central bank in a world where DM central bank profligacy is the rule rather than the exception.
On one hand, it guarantees continuity of policy and thereby ensures that to the extent BoJ policy does become a source of market shocks, it won't be due to a change of leadership. In the same vein, the nomination of Masazumi Wakatabe for deputy governor pretty clear suggests tha
Is everyone in our government this asleep at the wheel? Rhetorical question.
Hi Hisenberg,
Thank you for your informative articles.
I have a question on the basics here, why is Japanese govt (or BOJ) targeting inflation at all?
I am guessing this inflation targeting is inflation by increasing demand (asking people to consume more to lead to growth)?
Also do they think they can control the inflation genie once it is out of the bottle?
What if they hit inflation and suddenly there is a outside shock like oil crisis or other issues which hit supply of raw materials?
Regards,
Rohan
I’ll put my 2 cents in here: Watch the Atlas Shrugged trilogy for an over-dramatized vision.(better book by far)
My personal gauge are Dairy Queens. When they start closing up, you Know shit has gone south.
Wouldn’t hurt to have bugout bag.
Plan for the best, be prepared for the worst.
Rohan-just think one word Titantic…………………..