Bank of Japan to hold emergency policy meeting
Bank of Japan announces plans to hold emergency policy meeting on Monday as yen keeps rising
, On Sunday August 29, 2010, 6:55 pm EDT
The Bank of Japan said it will hold an emergency meeting on Monday as political pressure mounts for the central bank to ease monetary policy in the face of a surging yen.Full text
Comment: Japan has followed the Keynesian recipe exactly as the cookbook says. Now they are in a total mess, with each intervention provoking a new one, and so on, until things will come to their final collapse. How ridiculous! How tragic! I actually thought that the Japanese were smarter.
No comments:
Post a Comment