Otherwise known as the new normal.
The Bank of Japan now refers to QE as QQE, or Quantitative and Qualitative Easing. The addition of quality is a nice touch BoJ, now we know your purchase programs are not just about the quantity of money but about the quality.
I wonder what they presume to be a qualitative easing purchase? I surely hope they don't mean their own treasury bonds...... (insert troll face)
No comments:
Post a Comment