Disliked{quote} Good post. Not sure if agree with your final conclusion. I see it closer to Einstein definition insanity ..." doing the same thing over and over again, but expecting different results". They are trying to put in a screw using a hammer. Wrong tools for the real problem. We'll see but this will trigger a long follow up in Japan and the bond markets .sisseIgnored
It could have huge effects in FX and the bond markets. However, I see a very strong chance of similar policies occurring in other major economies, should China hit a hard landing and unleash a wave of deflation across the globe. Therefore, policymakers across the globe will be looking on with great interest at what transpires in Japan and the effects on the economy.