Wall Street Journal (April 7)
“With inflation high and the job market tight… policy makers are inclined to reduce the Fed’s $9 trillion balance sheet at a much more rapid pace than they did during the quantitative-tightening round that began in October 2017, when inflation was much cooler and the unemployment rate was higher.” The resulting “quantitative-tightening tantrum could go on a lot longer than the taper tantrum did.”
Tags: 2017, Balance sheet, Fed, Inflation, Job market, Policy makers, Quantitative tightening, Tight, Unemployment
Reuters (May 15)
“Fears policy makers are out of ammunition has led a growing number of overseas investors to speculate the BOJ might resort to helicopter money,” but this remains unlikely. “Bank of Japan Governor Haruhiko Kuroda likes to keep markets guessing by saying one thing and doing another, but… officials and close associates say he almost certainly means it” when he rules out using helicopter money to reinvigorate the economy.
Tags: Ammunition, BOJ, Economy, Fears, Guessing, Helicopter money, Kuroda, Markets, Overseas investors, Policy makers
Wall Street Journal (February 4, 2014)
The Nikkei’s fall puts added pressure on Shinzo Abe’s efforts to revive Japan. The correction may prove temporary, but it is surely a sign of underlying weakness in Abenomics, which should be fortified. “Policy makers shouldn’t govern by the wishes of stock markets, but in this case Mr. Abe could take a hint. If 2013 was the year when he hyped Japan’s economic prospects, 2014 will need to be the year when he starts doing something about it.”
Tags: 2014, Abe, Abenomics, Correction, Economic prospects, Hype, Japan, Nikkei, Policy makers, Stock markets, Temporary, Weakness
