The Bank of Japan is light years ahead in sophistication relative to the West — Bill Mitchell

Summary:
Given yesterday’s detailed monetary policy analysis, I am using today to present an array of news items and some brief analytical thoughts on central bank monetary policy. The latter is based on a very interesting speech that the governor of the Bank of Japan gave in Nagoya earlier this week. The juxtaposition with the way the Western central banks are behaving at present is stunning. There is also some self promotion and some announcements. Then we get to listen to Ron Carter. A good day really.William Mitchell — Modern Monetary TheoryThe Bank of Japan is light years ahead in sophistication relative to the WestBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, AustraliaThe Bank of Japan is light years

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