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Japan is doing QEs since the 80's and now they achieved a 10 yen increase in the price of a candy with a strange name.
by fiatjaf 10y ago
Japan is doing QEs since the 80's and now they achieved a 10 yen increase in the price of a candy with a strange name.
- eru 10y agoThey just didn't do enough, and didn't announce an NGDP level target. Announcing the target and that the central bank will do whatever it takes, makes the market help with achieving the target--because any difference between a target that will eventually achieved and current reality is an opportunity for arbitrage.