Are we there yet? Are we there yet? Are we there yet?
No, we are not.
The Bank of Japan meet on September 20 and 21. That's in around 2 weeks (its only going to feel like eternity).
Until then we will have to put up with this sort of thing ... comments from a former BOJ executive director, Kazuo Momma, now an economist at Mizuho Research Institute
- The Bank of Japan will leave its stimulus program unchanged
- "There is no need to take action, given the economic fundamentals"
- "The BOJ didn't expand its quantity of easing or cut the negative interest rate further in July. I don't think things have gotten worse since then."
- Says Kuroda's comments on Monday about the costs and benefits of the central bank's stimulus measures represent a "remarkable change" in thinking
- "Conducting policy by weighing costs and benefits is a huge shift," Momma said. "It is vital for the BOJ to make markets understand that."
Thanks to Bloomberg for the article, and we await more ahead of the meeting :-D
Kazuo Momma is opposed to haircuts for inves.... actually he is opposed to haircuts period
