Is the Bank of Japan Really Easing -- or Does It Just Want to Depreciate the Yen?
Big news! The Bank of Japan is set to double Japan’s money supply – or at least that is what Bank of Japan governor Haruhiko Kuroda is currently saying. I have to enter this caveat because as a veteran of 27 years of Japan watching from a base in Tokyo, I have long since become rather skeptical of statements from the Bank of Japan and other key Japanese government agencies. Allegedly momentous developments come with increasing regularity and then seem to be reversed within months, if not weeks.