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.
Peter Pan's quantitative flying
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.