Talk about whiplash. Having waited over three decades to restore inflation to its economy, the Bank of Japan is now concerned there’s too much. Maybe way too much. If so, was the twenty-sixth time really the charm? That’s how many QE versions have been implemented since the world’s first more than two decades ago.
Recall how massive QQE (QE21 by my unofficial tally) had been foisted upon the increasingly impoverished Japanese people all the way back in April 2013. It was said to have been the most awesome ever. No possible way it wouldn’t shove the moribund island nation out of its “deflationary mindset.”
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