Consolidated balance sheet approach gains traction as BOJ considers QE

The Bank of Japan is now considering whether to move to balance sheet expansion in its bid to lift the Japanese economy out of deflation. Japanese policy, which will then further tighten the nexus between fiscal and monetary policy, is now the furthest along the path toward the consolidated fiscal and monetary approach that is occurring nearly everywhere in the crisis currency zones.
According to Reuters, the latest considerations are something that Japanese central bankers are discussing ahead...

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