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BANK OF JAPAN UNLEASHES AGGRESSIVE MONETARY POLICY, 2% INFLATION TARGET, OPEN-ENDED ASSET PURCHASES (JPY, NKY)
The Bank of Japan’s monetary policy decision is out. First, the Bank of Japan said it will adopt a 2 percent inflation target, which was widely expected. Second, the BoJ announced an aggressive open-ended asset purchase plan,...
- Posted 117 days ago
EL-ERIAN: Asset Prices Are Getting Even Farther Away From Their Fundamentals
Mohamed El-Erian, CEO of PIMCO, has penned a blistering op-ed for the Financial Times on the dangers of highly accommodative monetary policy – or as he refers to it, the ‘central bank put.’ The central point of...
- Posted 132 days ago