IMF Happy Talk Cannot Obscure Japan’s Reality

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“Printing a lot of money is really helping the Japanese economy, according to the International Monetary Fund. In fact, according to the IMF, there’s plenty of room to do more if need be. This is part of a larger trend we’ve been observing of late. Whether it is Janet Yellen in the US or Mark Carney in England or the ECB or the BOJ itself, aggressive money printing is becoming a signature calling card.  So what is all this money printing accomplishing? Well … from our point of view, it’s nothing more or less than a promotional exercise. It’s clear to us. We couldn’t figure it out at first but now we can. They’re printing because there’s nothing else to do.”

http://www.thedailybell.com/news-analysis/34708/IMF-Happy-Talk-Cannot-Obscure-Japans-Reality/

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