Japan is reportedly set to launch quantitative easing again.
How can the Bank of Japan be ignorant of the effect that the two decades of poor decision has had on Japan’s economy? Japan poured 1.4 quadrillion yen, or 3 years worth of Japan’s GDP for the last 17 years, but it is still mired in deflation. Despite Japan’s failure, the U.S. is following the Japan’s path. We sure seem to live in interesting times.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIJs51f_KJ0U&pos=2
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