Despite pumping trillions of yen into the economy over the last decade, Japan’s M3 money stock is barely higher now than it was at the beginning of the last decade as the private sector has deleveraged.
Source: Bloomberg, Andy Lees
Despite pumping trillions of yen into the economy over the last decade, Japan’s M3 money stock is barely higher now than it was at the beginning of the last decade as the private sector has deleveraged.
Source: Bloomberg, Andy Lees