Bank of Japan kicks off monetary financing

Ron Markus
Tuesday, 28 April 2020
Ron Markus

The Japanese government received a blank cheque from the Bank of Japan to stimulate the economy by increasing deficits further. Many analysts expect this won’t lead to higher inflation. Yet, we expect the US and the EMU will follow Japans’ example. This will substantially increase the risk of a durable increase in inflation expectations and long-term interest rates.

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