The FT carried reports of the oddest central bank Governor speech I have ever encountered. Koruda likened the BoJ's recent quantitative easing policy to a confidence trick. One that would fail as soon as people stopped believing, just like Peter Pan warned that he would crash if he stopped believing he could fly.
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Peter Pan's quantitative flying
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The FT carried reports of the oddest central bank Governor speech I have ever encountered. Koruda likened the BoJ's recent quantitative easing policy to a confidence trick. One that would fail as soon as people stopped believing, just like Peter Pan warned that he would crash if he stopped believing he could fly.