“It’s Not As Though We Can Keep Lowering Rates Forever,” A BOJ Official Said

Jon Alternative Media, Blogosphere, Economy

As we reported earlier, moments ago the USDJPY spiked on the latest Nikkei market trial balloon, which as we also reported, was old news, according to which Kuroda is now considering conducting a reverse Operation Twist, where it forces a selloff in the long end, while push short-ends even more into record negative territory courtesy of another rate cut.
As we explained last week, it won’t work (read here for the details). But what attracted our attention was the quote by a BOJ official, which once again demonstrates the farce that passes for “clear, lucid” central banker thought in the “new normal” (from Nikkei):

This post was published at Zero Hedge on Sep 13, 2016.