venerdì 6 dicembre 2013

BOJ now answers to April's monetary policy questionmarks I pointed out in April 2013 (see on this blog and the discussion I started on LinkedIn at the beginning ot that month)

At the beginning of April I posted on this blog and started a discussion theme on LinkedIn: 'Will BOJ new "bold" monetary policy course be successful beyond the short run?  (you can see the following piece published on LinkedIn):
 
And which the further implications ahead?' It's uncomfortable to say "I told it you" but unfortunately that's the path, the right way. Few newspaper titles are sufficient: "Falling growth adds to questions over Abenomics" from Financial Time, "Not so happy birthday: Abenomics ages, challenges remain" from Reuters (you can check at the following link: http://www.reuters.com/article/2013/11/14/us-japan-economy-idUSBRE9AC16320131114), and many others. So what it means: that Mr. Abe seems like a central bank  panicking on the verge to ruin Japan. A poor satisfaction for a forecaster and economic analyst.