"It looks like they have crossed the Rubicon," says former BOJ member Eiji Hirano of the bank's...
"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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