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Update on QE in Japan
Japan Economy Watch —
... of saying that one should be weary of cutting interest rates too much since the impact of such measures would be limited. One wonders whether it is the blind leading the deaf or the other way around, and quite frankly I would, at this point, settle for a coherent message from the ECB, be it in favor of QE measures or not. Meanwhile and on a brighter note, Cassandra approaches QE from a slightly more semantic and, as it were, historical perspective. And in Japan ... In Japan QE has arguably been in play since November 2008 or perhaps as some would smugly note; Japan never ...
Further reading
FT Alphaville —
... - KKR is not buying a $28 million chair (it says) - Buffett, and other ‘fools’ - Hedge-fund fees, old debate, new story - Harvard: the inside story of a financial meltdown - ‘Too big’ has failed: Dissension in the reserve system ranks - The curious (and short-lived?) confidence of the oil majors - Once you start offering free money, how do you stop? - In bond deals, some banks are more equal than others - Unwrapping QE - The new frugality - this is no fad __________
