Bank of Japan risks QE failure: Economist
" The unprecedented quantitative easing (QE) program the Bank of Japan launched last year to revive the country's stalled economy could be at risk of failure, Oxford Economics says.
"Economic activity has indeed picked up since the QE program began early last year, but there are now serious warning signs that this progress may not be maintained," Adam Slater, senior economist at Oxford Economics wrote in a report."
Forget Cyprus, Japan Is The Real Crisis - Forbes
"Forget Cyprus. A much bigger story in the coming weeks and months will be in Japan, where one of the greatest economic experiments in the modern era is about to begin. A country where government debt even dwarfs those of Europe’s crisis-ridden nations, Japan will attempt to inflate its way out of a 23-year deflationary spiral.
The overwhelming consensus among the world’s economists is that quantitative easing (QE) has saved the day in the U.S. and that Japan needs to follow suit, on a larger scale. "
Japan's Lost Decade: Lessons from Japan's Economic Failure
It's been tried before. I mean how blinded by Political ideology do you have to be to ignore one of the most glaring examples of the failures of Fiscal stimulus ?
I mean, Japan has it's own sovereign currency and everything. The wen't through 10, TEN stimulus packages in the 90's and now are forced to tank their currency with monetary stimulus and force their interest rates down to almost nothing because just a couple of ticks up on interest rates and they would be for all intensive purposes bankrupt.
That's great news for all of the holders of Japanese bonds. ( That's the Japanese people )
Oh that's right, the MMT'ers here at DP claim a Nation with it's own sovereign currency CAN'T go bankrupt. Well then Japan would be forced to float their worthless currency and the savings for millions of Japanese citizens would be wiped out.
How about we abandon the insanity of backing a failed economic agenda because we're ideologically predisposed to it and do things that work for a change.
Because your'e seeing the results of ideology over functionality not only in Japan but here, in the States.