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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: NOW who wrote (2559)3/19/2004 7:43:18 PM
From: CalculatedRisk  Read Replies (1) of 116555
 
If the BOJ intervention is sterilized, it would not be effective in increasing domestic money supply. I am assuming the intervention was unsterilized.

Found this recent article on the subject:
frbsf.org

Quoting:
"if leaving the interventions unsterilized left the public more convinced about the BOJ’s determination to stimulate the economy, then sterilization, or the lack thereof, may indeed matter."

I believe Japan is trying to convince its citizens that there will be inflation in the future.
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