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The yen tsunami

Posted on 14 January 2013

For almost two decades, Japan — the world’s second largest economy (now third)– has been floundering in the swamp of stag-deflation. Following the assumption of leadership by Prime Minister Shinzo Abe this has changed, however.
Keeping up with his election campaign promises, Mr. Abe launched a $117 billion fiscal stimulus to stimulate the country’s ailing economy. At the same time, he has directed direct Bank of Japan, which lost its (short-lived) independence, to print an unlimited amount of money—creating a yen tsunami that will push the country from deflation to inflation!……………………………………….Full Article: Source


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