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© (c) Copyright Thomson Reuters 2015.BOJ must act if oil falls affect inflation expectations: deputy governor
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jerseyboy
For pity sake, please stop the madness. Pumping more money into the economy to raise prices on other products/services, to offset a drop in oil prices is sheer madness. The goal should be to grow the domestic economy, and inflation will likely follow from that. Not chase an artificial inflation goal which outside forces, like the world price of oil, will make fruitless.
sangetsu03
Yes, we must act! God forbid that there be any chance that the Japanese consumer actually has more money to spend on themselves or their families! If we don't meet our inflation goals, our ability to borrow a few more trillion yen to squander on projects to pay back those who supported our campaigns, or who might give us an executive job at Mitsuidaiwatomobishi when we retire from government will be limited! We might actually have to get jobs and work like ordinary people! The horror! So, we must continue to print money and rob the country of the value of it's labor and savings, so we can get ours!
fxgai
QQE isn't all bad. It's helping billionaires like Stanley Druckenmiller to get even richer!
http://www.cnbc.com/id/102469177
The man previously described the US QE program as "the biggest redistribution of wealth from the middle class and the poor to the rich ever".
It does seem that it's playing out that way in Japan, too.
But again, we have to remember that at least QE is making rich people - even rich Americans like Stan Druckenmiller - richer. So no one can say that it's bad for all.
High fives all round for the guys at the BOJ, and over in Kasumigaseki.
kurisupisu
I have to agree! QE helps those that are already wealthy while screwing the poor! How on earth can it benefit poor people to pay more for their food,clothes and transport etc? These are not purchases that can be put off until tomorrow are they? The mass media will continue to peddle the lie that higher prices are the answer-they are not........
skotmanforyou
What happens when oil prices go up in let's say a year from now? Will we see consumer prices go up more and reach double digit inflation?