Showing posts with label easy monetary policy. Show all posts
Showing posts with label easy monetary policy. Show all posts

Wednesday, May 25, 2011

OECD cuts Japan GDP forecast again, urges easy monetary policy

http://www.reuters.com/article/2011/05/25/us-economy-oecd-japan-idUSTRE74O2Q220110525

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.