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QQE in action: The BoJ's flow of funds data

The BoJ’s massive easing of monetary policy announced in early April, via a commitment to double the monetary base and more than double its holdings of JGBs within two years, is in part designed to change the asset allocation strategies of Japanese investors...

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Abe & the Consumption Tax: No Nineties Throwback

Shinzo Abe will shortly reach a defining moment of his second premiership with the announcement on whether to raise the consumption tax next April. Reports suggest that, encouraged in part by the upward revision to Q2 GDP...

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Abenomics - FAQs

So far, so good. The 3 arrows of Abenomics (major monetary easing; active fiscal policy; and structural reform) aim to revive confidence, generate a sustainable recovery and end deflation. And most evidence suggests that the...

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BoJ: Waiting for wage growth

Since early April when Kuroda unveiled the BoJ’s momentous pledge to double Japan’s monetary base within two years, each subsequent Policy Board meeting has been a non-event. The conclusion tomorrow of the latest BoJ get-together seems bound to be the same...

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Achtung Abe!!

The recent volatility in Japanese financial markets has seen Abenomics come in for much (unwarranted) criticism. In turn, this has seen much greater scrutiny of the “third arrow” of Abenomics – the structural reform agenda...

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