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More figurative language... no different from what the MMT people are doing all the time... Kuroda Says BOJ Has Enough Ammunition, Wary of Side Effects: Asked if the BOJ still has the capacity to do "something big," Kuroda said: "I think so.” He cited four policy options: cutting the -0.1% negative rate further, lowering the target for 10-year yields, increasing the monetary base or boosting asset purchases. BOJ Governor Haruhiko Kuroda says the central bank can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system https://t.co/1Ci43rLl9V pic.twitter.com/j8Pn6jVV9B — Bloomberg (@business) June 10, 2019
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More figurative language... no different from what the MMT people are doing all the time... Kuroda Says BOJ Has Enough Ammunition, Wary of Side Effects: Asked if the BOJ still has the capacity to do "something big," Kuroda said: "I think so.” He cited four policy options: cutting the -0.1% negative rate further, lowering the target for 10-year yields, increasing the monetary base or boosting asset purchases. BOJ Governor Haruhiko Kuroda says the central bank can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system https://t.co/1Ci43rLl9V pic.twitter.com/j8Pn6jVV9B — Bloomberg (@business) June 10, 2019
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Mike Norman considers the following as important:
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More figurative language... no different from what the MMT people are doing all the time...
Kuroda Says BOJ Has Enough Ammunition, Wary of Side Effects:
Asked if the BOJ still has the capacity to do "something big," Kuroda said: "I think so.” He cited four policy options: cutting the -0.1% negative rate further, lowering the target for 10-year yields, increasing the monetary base or boosting asset purchases.
BOJ Governor Haruhiko Kuroda says the central bank can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system https://t.co/1Ci43rLl9V pic.twitter.com/j8Pn6jVV9B— Bloomberg (@business) June 10, 2019