Japan’s Inflation Propaganda And Why The BoJ Better Hope It’s Not Successful

The existing (and ongoing) massive expansion of base money into the banking systems of the US, England, and Japan is without precedent. As Nomura’s Richard Koo notes, at 16x statutory reserves, the liquidity ‘should’ have led to unprecedented inflation rates of 1,600% in the US, 970% in the UK, and…

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Japan’s Inflation Propaganda And Why The BoJ Better Hope It’s Not Successful

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