Monday, June 11, 2012

Here Comes Japanese Money Printing

Two bankster economists, including a vocal advocate of aggressive monetary easing, are the new nominees for empty seats on the Bank of Japan's nine-member policy council after lawmakers rejected an earlier candidate for not aggressively supporting looser policy, reports Reuters.

The nominations of Takehiro Sato, chief economist at Morgan Stanley MUFG Securities, and Takahide Kiuchi, chief economist at Nomura Securities, need approval by both houses of parliament.

Sato, a well-known BOJ watcher, has frequently criticized the central bank for not doing enough to beat deflation and has called for more aggressive measures to reflate the economy. Kiuchi has taken a more neutral approach on monetary policy.

1 comment:

  1. How is Japan still battling deflation? Or do they really mean real estate deflation?