Japan’s Planners Ratchet up Monetary Experimentation

A Litany of Failures
It was widely expected that the BoJ would announce something this week after it promised to perform a comprehensive review of its monetary policy. It certainly did deliver a major tweak to its inflationary program, but its implications were seemingly not entirely clear to everybody (probably not even to the BoJ).

This post was published at Acting-Man on September 24, 2016.