December 24, 2012

BOJ quantitative easing has expanded its balance sheet to more than 30 percent of GDP according to report

"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

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