The BoJ And An ‘Enormous’ Risk From A ‘Very Out-Of-Consensus’ View

The BoJ And An ‘Enormous’ Risk From A ‘Very Out-Of-Consensus’ View

Overnight, the Bank of Japan tacitly persisted in the fantasy that Haruhiko Kuroda's extraordinary (and at this point, it kinda feels like "extraordinary" is an inadequate adjective) easing measures are "very powerful", when it comes to stoking inflation. Every, single one of these meetings is defined by the ironic juxtaposition between, on one hand, no material changes to policy (July's tweaks notwithstanding), and, on the other, begrudging admissions that these purportedly "powerful" measure
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4 thoughts on “The BoJ And An ‘Enormous’ Risk From A ‘Very Out-Of-Consensus’ View

  1. Japan is broken, slightly paradoxical how the yen can remain safe haven while the government is slowly monetizing the bond market and to a lesser extent nationalizing the broader economy.

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