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Reuters — Japan govt’s reflationist nominee for BOJ board wins lower house approval

Summary:
Asahi Noguchi "has also lectured ruling party lawmakers on modern monetary theory (MMT) – a concept floated by some U.S. academics as a means to boost the economy via unlimited money-printing.Not a proper characterization of MMT, but at least a mention. And it is progress that an MMT advocate may be on the BOJ board.ReutersJapan govt's reflationist nominee for BOJ board wins lower house approval

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Asahi Noguchi "has also lectured ruling party lawmakers on modern monetary theory (MMT) – a concept floated by some U.S. academics as a means to boost the economy via unlimited money-printing.

Not a proper characterization of MMT, but at least a mention. And it is progress that an MMT advocate may be on the BOJ board.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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