Latest from the Organisation for Stating the Bleeding Obvious Economic Co-operation and Development
- May be premature for BOJ to focus on details of exit strategy
Thanks very much indeed for that insight.
(Oh Gawd, there's) More:
- Essential to maintain JGB market liquidity
- BOJ's ETF purchases may lead to over-valuation of some stocks
- BOJ's ETF purchases are eroding market discipline by rewarding companies simply for being in a major index
- BOJ should remain focused on 2% price target despite concerns over policy
- Govt measures to offset blow from 2019 sales tax hike to have limited effect on demand
- Multiple sales tax rates to soften impact of tax hike not effective because high-income households will benefit more
- Japan should rely primarily on sales tax to boost revenue … should raise to between 20-26% to achieve sufficient primary surplus
