"The Bank of Japan ...has been holding its key interest rate at zero for more than two years , and has been pushing cash into the economy buy buying financial assets, in a quantitative easing program that has expanded its balance sheet out to more than 30 per cent of GDP"
Source: After Spain and Japan, US cliff is a sideshow
By Malcolm Maiden
The Saturday Age Newspaper,
December 21-22, 2012,
Page 2
Business Day