Thursday, April 4, 2013

Japan on the wild side

BOJ to pump $1.4 trillion into economy in unprecedented stimulus
(Reuters) - The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
Comment: Thank you, Mr Haruhiko, for your demonstration that economic policy is actually utter madness.

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