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© Thomson Reuters 2020.Gov't nominates reflationist-minded economist to join BOJ board
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO©2024 GPlusMedia Inc.
4 Comments
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fxgai
Not so bad then. If the BOJ has loads of foreign bonds when the Japanese currency has crashed, the BOJ will be able to bail out Japan!
On the other hand, if the BOJ buys foreign bonds and the foreigners go crazy and bankrupt themselves first selling debt to Japan, it could be Bad for everyone.
Fingers crossed for the best!
But just say it's done for the purpose of hitting the inflation target, trivial matters like that haven't stopped the BOJ from bankrolling the Japanese government, why not bankroll the entire developed world?
TARA TAN KITAOKA
We will be watching.
JeffLee
I wonder who exactly it buys the ETFs from. The common assumption is this is done to prop up the stock market.
ArtistAtLarge
Inflation never benefits the average person. Wages never keep up.
Inflation should happen naturally and should be wage driven not supply side driven.