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"It looks like they have crossed the Rubicon," says former BOJ member Eiji Hirano of the bank's...
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Monday, March 26, 2012, 7:53 AM ET"It looks like they have crossed the Rubicon," says former BOJ member Eiji Hirano of the bank's decision to expand QE and set a positive inflation target. Far from filling the output gap, Hirano envisions a "nightmare scenario" of a weaker yen, stocks, and JGBs as the central bank is viewed as financing government spending.
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