SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (2559)3/19/2004 7:43:18 PM
From: CalculatedRisk  Read Replies (1) | Respond to 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.