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http://www.businessinsider.com/bank-of-japan-is-pumping-like-mad-2014-3
The Bank of Japan has been injecting lots of liquidity into the financial system over the past year in an effort to stop deflation and raise the CPI inflation rate to 2% on a sustainable basis. January’s monetary base was up 56% y/y. So far, the BOJ can take credit for boosting the inflation rate to 1.4% during January from -0.9% last March. However, it did edge down over the past two months.
The core CPI inflation rate (excluding food & energy) has been positive for the past four months through January, when it was 0.6%. That’s still awfully low, but it beats the 55 consecutive months of negative readings from January 2009 through July 2013.
Read more: http://blog.yardeni.com/2014/03/boj-is-pumping-like-mad-excerpt.html#ixzz2v5lLC2T3
The Bank of Japan has been injecting lots of liquidity into the financial system over the past year in an effort to stop deflation and raise the CPI inflation rate to 2% on a sustainable basis. January’s monetary base was up 56% y/y. So far, the BOJ can take credit for boosting the inflation rate to 1.4% during January from -0.9% last March. However, it did edge down over the past two months.
The core CPI inflation rate (excluding food & energy) has been positive for the past four months through January, when it was 0.6%. That’s still awfully low, but it beats the 55 consecutive months of negative readings from January 2009 through July 2013.
Read more: http://blog.yardeni.com/2014/03/boj-is-pumping-like-mad-excerpt.html#ixzz2v5lLC2T3
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