EMerging Equity
QQE
How Central Planners Crippled Japan’s Economy
By Yonathan Amselem The greatest tragedy of the 2008–2009 financial meltdown was not that it happened. The collapse of asset prices was the necessary result of near zero interest rates. No, the most devastating aspect of the financial meltdown is that central planning alchemy lost no credibility. Policymakers around the world are still turning to Keynesian and socialist … Continue reading
No Limit To Kuroda’s Monetary Easing?
By Paul-Martin Foss Bank of Japan governor Haruhiko Kuroda two weeks ago stated that there is no limit to the Bank of Japan’s monetary easing measures. “There aren’t any such things as a quantitative limit or anything, any numbers we can’t overcome,” he was reported to have said. Kuroda must apparently adhere to the Weimar School of … Continue reading
Japan’s Wild Monetary Experiment Is Far From Over
By Brendan Brown The leading narrative in the foreign exchange markets is told and re-told to explain how the Japanese yen has surged this year despite an ever wilder monetary experiment pursued by the Abe government. The story seems plausible to many, and thus is deeply challenging for the backers of sound money principles. The financial … Continue reading
Watch Japan — For All Is Not Well In The Land Of The Rising Sun
By Michael Snyder One of the epicenters of the global financial crisis that started during the second half of last year is Japan, and it looks like the markets in the land of the rising sun are entering yet another period of great turmoil. The Nikkei was down another 390 points last night, and it … Continue reading
Japan’s Economy Keeps Shrinking, Abenomics An Abject Failure
By Jeffrey P. Snider, Alhambra Investment Partners Household spending in February 2016 in Japan rose year-over-year for the first time in six months. That was the sum total of any good economic news for the monetary-stricken economy, and it doesn’t really survive closer inspection. The rise in spending was due largely to “other” activities you don’t … Continue reading
Japan’s Descent Into Keynesian Parody
By Daniel J. Mitchell, CATO Institute It’s very hard to be optimistic about Japan. I’ve even referred to the country as a basket case. But my concern is not that the country has been mired in stagnation for the past 25 years. Instead, I’m much more worried about the future. The main problem is that … Continue reading
Weakness In The Global Economy: Japan Edition
By Jeffrey P. Snider, Alhambra Investment Partners Setting aside all other considerations and doubts about QQE, there was one factor that was supposed to be unassailable. That was the yen. QQE as a “money printing” operation was understood to act heavily on the exchange value of the Japanese currency so that it would drastically alter the … Continue reading
The BOJ, And QE Honesty
By Jeffrey P. Snider, Alhambra Investment Partners The Bank of Japan had previously “disappointed” last December when it failed to announced more “stimulus.” Setting aside who might actually have been frustrated by the lack of renewed distortions, the Japanese central bank did make some minor alterations to its QQE regime at that time. They expanded the … Continue reading
Japan: The Canary In The Coal Mine Of The Global Collapse?
By James Corbett, TheInternationalForecaster.com An utterly insane bubble of market insanity directly blown by the central bank? Check. The sudden and cataclysmic popping of that bubble? Yup. A rush to prop up the “too big to fail” banks by papering over their credit defaults with government promises (at taxpayers’ expense, of course)? Old hat to the … Continue reading
Rethinking Japan’s Deflation Trap: The Failure To Reach Kuroda’s 2% Inflation Target
By R Taggart Murphy Fifteen years ago, Akio Mikuni and I were working on a book that we ended up calling Japan’s Policy Trap. At the time, a chorus of prominent foreigners was berating Japan’s policy elite for its refusal to take their advice on lifting Japan out of deflation. But we believed that Japan faced … Continue reading
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