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Here Are The 14 Biggest Problems With Central Banks Being ‘The Only Game In Town’
On Tuesday, the Bank of Japan left policy unchanged despite cutting their inflation outlook again. The bank's wait-and-see approach is risky in the face of imminent rate cuts from the Fed and the ECB, which have the potential to drive unwanted yen appreciation to the further detriment of Japan's inflation targeting effort.
To let governor Kuroda tell it, the BoJ can do more. That's probably true, but as we wrote in the minutes after the BoJ decision, to the extent monetary policy has limits, th
