Bank of Japan (BoJ) continues cranking out ¥55 billion in cash every month – out of thin air

Quantitative easing (printing money) is a monetary policy used by the Bank of Japan (central bank) to stimulate the economy (stimulate the economy with no real new production?) when standard monetary policy (forced consumption then slowed down with a consumption tax?) has become ineffective. The Bank of Japan implemented quantitative easing by buying financial assets from commercial banks and other financial institutions, this then raised the prices of those financial assets and lowering their yields, while simultaneously vastly increasing the amount of money available. Japan continues cranking out money (see image below) with Japan’s central bank‘s head, Haruhiko Kuroda deciding to continue its existing program of quantitative easing (QE, or printing money to buy bonds) at its “current level of ¥80 trillion ($660 billion) a year“. That’s ¥55 billion shoved into Japan’s economy every month with no corresponding real productivity. And if the economy inflates even at 2% a year, which is Harukiho Kuroda’s BoJ target, don’t forget that inflation is theft. So they keep inflation low so the theft isn’t noticed. Dysfunctional: BoJ shoves ¥55 billion into the economy every month to “stimulate growth” then increases the consumption tax to an expected 10 percent. So, after looking around for some documented evidence of the BoJ’s QE policy, I found a good source that represents all this cash getting tossed into Japan’s economy and posted it below with no corresponding production. Want to curb deflation? Just print more money. Shit, wish I had that magical ability? And if anyone thinks the average Japanese is benefiting from this ¥55 billion monthly injection, forget it, the savings Japanese historically had has turned negative for the first time in 2014.

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