Japan’s former top financial diplomat said it was too early to say whether the Bank of Japan’s latest easing steps would work
Really? Did he? I would have thought 36 hours was plenty of time to judge whether the policy to turn around three decades of economic disaster had been successful. Sheesh.
Japan Watanabe: Too Early to Judge BOJ Easing Steps (Wall Street Journal, gated)
Despite the crazy headline the article is interesting:
- Japanese companies are increasing investments in the US, citing reduced energy costs there
Hiroshi Watanabe was a former senior official at Japan’s finance ministry, and is now now the chief executive of the government-owned Japan Bank for International Cooperation.