It seems that the currently observed strengthening of US dollar is coming to its end. The failed policy of monetary inflation, so thoroughly conducted in Japan for the last three years, brought nothing but rotten fruits – price inflation is significant, trade deficit is persistent, GDP is contracting. At least the encumbent government had enough integrity to call for new elections. Will it lead to change in course of monetary policy of BoJ? Hopefully, yes. At least, the acknowledgment of humongo…
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