It could’ve been worse. If Woody had gone straight to the police, this would’ve never have happened.
“I really don’t think that the introduction of the negative interest rate backfired or caused the yen to appreciate and stock markets to decline in Japan,” Kuroda said during a question and answer session at Columbia University in New York. “If anything, I can say that if we didn’t introduce the QQE with the negative interest rate, financial markets in Japan would have been even worse.”
The Yen is up to the tune of 10% since Japan adopted negative rates on January the 29th, 2016.
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I eagerly await his Keynesian apologies when the yen hits 60.
What does that mean, “The Yen is up to the tune of 10% since Japan adopted negative rates on January the 29th, 2016.”
Against other world currencies (does this increase Japan buying power domestically or in terms of imports? Does it raise the price of japanese make cars sold in America?
Who is “Woody” supposed to represent. Who/What does “the police” represent?
In order to believe this nonsense, you have to believe that every aspect of life can be thought of as an intersection of rulers.
And that every instance of you being wrong is just a “calibration problem” …that you just didn’t go far enough.
“Oh you should have seen the world where I didn’t set this place on fire, McFly. Dreadful. Just dreadful.”