Will Japan Be the Modern-Day International Case Study for Developed Nation Fiat Failure?
via realclearmarkets: For nearly two decades, the Bank of Japan (BoJ) has deployed negative interest rates, asset purchases and other unorthodox monetary policy tools to battle moribund inflation. Today, that policy toolkit is showing signs of exhaustion – a warning to central banks which have followed Japan’s policy lead. In its much-anticipated July 2018 meeting, … Read more