Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

BOJ cuts growth estimates; expands monetary easing policy

Business Oct. 27, 2011 - 04:25PM JST ( 2 )

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1

tokyokawasakiOct. 27, 2011 - 05:33PM JST

It also said it will expand the size of an asset buying program to lend stronger support to the economy.

Here we go again. The printing presses will be hard at work printing more Yen to buy JGB's of the Japanese Mega banks.... AND it is our tax money that is used to pay the interest every time the incompetent government borrows more money.

The central bank pledged to maintain powerful monetary easing, ensure stability in financial markets and foster economic growth.

Fancy terms 'monetary easing' which translates into printing money and providing the mega banks with another golden opportunity t rip us all off.....

Forget occupy Wall Street. We should Occupy the governments....

This is what they are going to do: http://www.youtube.com/watch?v=PTUY16CkS-k

I know the video talks about the US monetary easing, but the same principles apply here too....
-2

herefornowOct. 27, 2011 - 10:31PM JST

The BOJ warned that “an adverse effect from a slowdown in overseas economies and the appreciation of the yen will continue for the time being.”

In other words, "We have let two decades slip by without addressing the serious structural issues in the Japanese economy, like increasing domestic demand and efficiency, so we are still too vulnerable to external forces that we cannot control." And everyone will just have to suffer through at least two more years of a poor economy -- but now with increased taxes to pay the repair bills. Nice job guys.