“The unprecedented increase in ‘quantitative and qualitative monetary stimulus’ announced Friday, October 31, by Bank of Japan governor Kuroda Haruhiko is one of the most risky, if not reckless, and possibly disastrous actions in the history of world central banking. Japan is now conducting ‘a laboratory experiment’ and ‘Governor Kuroda’s monetary experiment has in effect morphed into a strategy of devaluation plus financial repression.’ [..] ‘it is well known that Prime Minister Shinzo Abe, who keeps a stock monitor in his offices, sees rising stock prices as critical to voter confidence in Abenomics and hence his own approval ratings.'”
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