Wednesday, October 28, 2015

Quote of the Day

October 28, 2015
Owning Half of Japan's ETF Market Might Not Be Enough for Kuroda

With 3 trillion yen ($25 billion) a year in existing firepower, the BOJ has accumulated an ETF stash that accounted for 52 percent of the entire market at the end of September, figures from Tokyo’s stock exchange show.

I'm just thankful that there won't be any long-term unintended consequences from this, especially if the United States someday feels the need to do it too, lol. Sigh.


Rob Dawg said...

Not to worry. We won't be so foolish as to owe to ourselves.

Stagflationary Mark said...

Whew! I can sleep better now. ;)