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Bank of Japan maintains ultra-loose monetary policy

12 Comments

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12 Comments
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The bank will patiently continue with monetary easing while nimbly responding to developments in economic activity and prices as well as financial conditions."

Must be nice to get paid for regurgitating voodoo economic boilerplate while everyone knows the goal of QE is a steady assistance to rentier assets.

2 ( +7 / -5 )

Here we go 160 to the US dollar.

-5 ( +10 / -15 )

In which case the Yen is doomed.

1 ( +12 / -11 )

Let’s call it what it is:

Ultra loose Money Printing Policy or MPP

so if they can print it to cover their continuously flawed policy mistakes

why not print it and give it to us as Universal Basic Income ?

Why does UBI always get rejected , yet MPP always get approved?

is it because MPP only works for the 1%?

3 ( +7 / -4 )

Real inflation adjusted land prices continue to fall across entire country, as depopulation and aging accelerate.

It's OBVIOUS, plus real inflation wage adjusted incomes and spending are steadily declining for over a year.

It's only massive Govt. deficit spending keeping the lipstick on the pig, just like in China, Europe and US.

5 ( +5 / -0 )

Do these guys get paid for anything else than having a monthly meeting at which they announce they "maintain the current policy"? They haven't changed anything in years.

8 ( +8 / -0 )

why not print it and give it to us as Universal Basic Income ?

Why does UBI always get rejected , yet MPP always get approved?

is it because MPP only works for the 1%?

This guy is one of the few people that gets it. Kudos.

All the others just fret about the exchange rate and the debt which you see those actually in power don't give 2 yen about.

1 ( +3 / -2 )

Keynesian Voodoo at its finest. Buffoons.

4 ( +4 / -0 )

Keep the low yen going boys!

My money gets an average of 5% in foreign currency bonds and the yen keeps dropping.

I’m eating well these days…

-1 ( +1 / -2 )

why not print it and give it to us as Universal Basic Income ?

Why? You are in need of something for toilet paper?

Why does UBI always get rejected , yet MPP always get approved?

The reflationists will have to answer that, there are a few such types around here at JT.

I would trust their answers though…

A better idea would be to not print money willy-nilly at all; instead, people should produce valuable goods and services for others, and thus earn money through such mutually beneficial exchanges.

1 ( +1 / -0 )

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