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Why The House (Or In This Case, The Bank of Japan) Always Wins…
As the Federal Reserve jolts financial markets across the World by indicating that US interest rates will continue to rise through 2019, the Bank of Japan follows a very different path. Indeed, the Bank of Japan Deputy Governor, Masazumi Wakatabe, declared earlier this year that “there are no limits to monetary policy”. If any one Central Bank is trying to prove this statement accurate (or a potential grand folly), it is the Bank of Japan.