Can Japan End its Easy-Money Addiction?
Shinzo Abe's party has recently suffered some stunning electoral defeats. But that doesn't mean "Abenomics" and its easy-money policies are over.
Shinzo Abe's party has recently suffered some stunning electoral defeats. But that doesn't mean "Abenomics" and its easy-money policies are over.
The central bank critics today who were not critics of the great bailouts and stimulus have reserved their criticisms for what hurts their interests.
It may be minor, but this week's rate hike should be just high enough so the Bank of Canada can cut them again when things start to get tough.