Wednesday, May 25, 2011

OECD cuts Japan GDP forecast again, urges easy monetary policy

Ummm, the Japanese don't need urging on easy monetary policy.  They've been doing it for 21 years--and counting.  Until they stop kicking the monetary can down the road (which won't happen until they encounter a financial cul-de-sac), tangible assets will continue to be bullish.

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