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Bank of Japan Moves to Ease Monetary Policy | Interview with Lisa Oake
Sam Chandan speaks with Lisa Oake about the dramatic shift in the Bank of Japan's monetary policy stance. Calling it a shock and awe campaign, Dr Chandan warns on two fronts. BoJ Governor Haruhiko Kuroda will not have another opportunity to surprise the market. In the worst case, the depreciation of the Yen will drive cost-push inflation but will fail to lift nominal earnings. Japanese households will end up worse off.
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