Spirit of Abenomics: Bold New Plan in September?

by Mike ‘Mish’ Shedlock
Mish Talk

An advisor to Japanese prime minister Shinzo Abe says Bank of Japan Likely to Take Bold Easing Action at its next meeting in September.

The advisor, Etsuro Honda, calls it the “Spirit of Abenomics“.

Etsuro Honda Quotes

  • “Monetary policy hasn’t been eased enough.”
  • If the central bank began to rein in its stimulus after the review without achieving its 2% inflation target, “we would never, ever be able to get out of deflation.”
  • There is “more than a 50% possibility of bold monetary easing measures” in September.

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