from The Burning Platform:
Last week, appropriately enough on Halloween, the Bank of Japan did something truly scary.
As shocks go, this one — though it had been fairly well-telegraphed to the markets that something wicked this way might be coming — was in a league of its own.
I’m sure that by now you’re well aware of what Kuroda-san (the Governor of the Bank of Japan) announced to the world; but in case you’re not, here’s a little recap:
(Japan Times): The bank will “enter a new phase of monetary easing in terms of quantity and quality,” Kuroda said…. “This is coming from a different level in both quality and quantity,” Kuroda told reporters after the two-day Policy Board meeting. “We have put forward everything there is to do at this point,” he said….
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