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Anonymous
Abenomics Failing
2016-02-18 02:15:36 Post No. 1098762
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Abenomics Failing
Anonymous
2016-02-18 02:15:36
Post No. 1098762
[Report]
http://www.nytimes.com/2016/02/16/business/international/japan-economy-abenomics-yen.html?_r=0
Masahiro Ichikawa, a strategist at Sumitomo Mitsui Asset Management, said that investors were less concerned about the economy contracting than about what that might mean for the central bank’s stimulus program. The Bank of Japan loosened policy even further last month by announcing that it would cut its benchmark interest rate below zero, joining a group of European central banks that are also struggling with deflation. Now more action is likely, Mr. Ichikawa said.
“It’s conceivable that they will push the policy rate even further into negative territory or take some other easing steps,” he said.
Time to buy Japanese stocks.
