Japanese QE is Fifty Fifty

by Michael J. Howell19. April 2013 13:53

We are big fans of the new BoJ QE policy. Latest weekly data confirm things are happening. Our measure of net liquidity provision jumped to Y57.7 trillion and the annualised growth in the Monetary Base leapt ahead by 54.3% at an annualised 3-month rate. Fifty and fifty is not an bad start.

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