We don’t envy the Bank of Japan’s choices in Quantitative Easing

What a lousy set of options. The Bank of Japan (BoJ) continues to work to bring inflation back to Japan, but with these herculean efforts has come little success and plenty of market distortions. Are they ready to move the goalpost of 2% inflation to something more attainable, like 0.5%, and make some policy changes?
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