(Just how nigh, I don’t know…)
… The Asian Nikkei Review reports stirrings in the Bank of Japan as one official warns, “we have caused tremendous trouble for the financial industry,” and many others growing anxious about continuing its massive purchases of government bonds (confronted with the program’s negative side effects) and pressure from the financial industry is strengthening by the day “to scale back monetary easing soon.” …
So will The BoJ be the next central bank to ‘break’ a promise, swallow the red pill’s painful truth of reality and allow market forces to create the platform for recovery?
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