BOJ holds off fresh stimulus; says economy recovering

Well, I hope the BOJ is saving some yen to fund the next round of QE because when the next quarterly results come in...

“With regard to the outlook, Japan’s economy is expected to continue its moderate recovery trend, and the effects of… the consumption tax hike are expected to wane gradually,” it added.

moderate recovery trend? not felt yet. the effects of consumption tax hike are expected to wane gradually... by 2020 or beyond (?)

The first word that springs to mind cannot be posted in this thread, but if the think about a donkey's orifice I'm sure you will understand. All the companies kept their tax cuts and now the BOJ is keeping their stimulus package. Just a bunch of lying donkey's orifices and we all get to foot the bill for their mistakes!

Disillusioned, you're being too kind! The lunatics are running the asylum under the influence of Prof Keynes' LSD.

Unless they significantly weaken the yen they will never be able to pay back their debt.

Fret not, 6 trillion yen per month will not be wasted on you or I ...

"I hope the BOJ is saving some yen to fund the next round of QE..."

The BOJ doesn't need to "save" any yen to implement monetary policy. It issues yen, some of which ends up in your pocket.

"They will never be able to pay back their debt."

Nearly all of Japan's debt is held in Japan by Japanese institutions and individuals. How can the Japanese fail to meet their obligations to themselves?

Now, watch me get a pile of "bad" ratings for stating a couple of facts.

Jeff. How moving the money from mass (taxpayers) to JCorp (tax cuts and monetary ease) that already are full of cash wil help the growth? I am not an economist. Please explain.

@Open

It doesn't necessarily help growth. You're right: more revenue being hoarded by corporations won't help us much, since less and less of their profits are being returned to their domestic workers. But this article is about the BOJ's monetary policy, which doesn't actually cost us anything, because it's essentially an asset swap: cash for assets.

The US has just released the news that the stimulus will continue as the economy is not in full recovery.