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© (c) Copyright Thomson Reuters 2019.Dropping global bond yields, recession fears put BOJ in a bind
By Leika Kihara TOKYO©2024 GPlusMedia Inc.
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kurisupisu
Even with rates going negative the BOJ is toothless?
Pathetic!
Wallace Fred
Let me get this straight.
boj has been printing aimlessly for six straight years all the while hoping for that magical 2% without fixing the actual reasons why that doesn't happen? Isn't that akin to rubbing a lamp and hoping a genie pops out to grant wishes?
And round and around and around we go. What's that definition of insanity again?
JeffLee
I'm tired of this writer who for the past 5 years has routinely been writing along the lines that the BOJ "is in a bind." So many "binds" over so many years, surely things would have been bound up by now?
That's really misleading. The central bank at the same time DRAINS an equivalent value of bonds OUT of the system. Such descriptions that focus on one flow while ignoring the counterflow have created a public misconception, which is why everyone (except me) for so long predicted QE would trigger high levels of inflation and destroy the yen.
Yep, so in reality we end up with modest inflation and the world's safe-haven currency, not that the boffins and pundits would ever admit they don't understand QE.
mmwkdw
@JeffLee... don't forget the Consumption Tax increase due in October....