Unfiltered and Unrefined QE
"And that is the importance of the Japanese experimentation, and very
much germane to any other central bank planners that wish to follow (or
already have). You cannot conclude that there was no harm/no foul in
taking to QE as the Bank of Japan has done. In the chart immediately
above we see what can only be called impoverishment. While Japanese
companies at the margins maintain the same flow of wages, prices have
obviously changed and the “cost of living” moved against anyone that
works (those with access to the asset side of inflation are not so
blighted). The vast majority of the Japanese people are far worse off
today than if QE had never been initiated."
...they do appear to have a tiger by the tail...
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