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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: JRI who wrote (114717)7/27/2001 4:46:01 PM
From: pater tenebrarum  Read Replies (7) of 436258
 
that's BS, plain and simple...true, the BoJ did break the bubble that it itself created by being too lax during the boom...it's always the CB that is responsible for the boom/bust cycle. but to charge that the Japanese economy isn't recovering "because the BoJ refuses to increase credit creation" is complete nonsense...if all it took to revive an economy was printing money, why, we'd have invented the perpetual motion machine.
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