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New BOJ Chief is Advocate of Monetary "Shock and Awe"

Posted: Wed Mar 20, 2013 9:18 pm
by Ad Orientem
"Deflation won't be eradicated unless the BOJ sets a clear price-stability target of around 2 percent and eliminates deflationary expectations with relentless monetary easing."

-Haruhiko Kuroda Japan's new central bank chief

From here...
http://www.reuters.com/article/2013/03/ ... BF20130320

Re: New BOJ Chief is Advocate of Monetary "Shock and Awe"

Posted: Thu Mar 21, 2013 4:14 am
by MachineGhost
Isn't that what they been trying for 20 years?  They need to learn a new trick.

Re: New BOJ Chief is Advocate of Monetary "Shock and Awe"

Posted: Thu Mar 21, 2013 11:01 am
by Ad Orientem
According to the article the BOJ has been way too timid.