Just when you thought the financial world would take a much-needed break from quantitative easing (QE), the Land of the Rising Sun comes in and juices up the markets with more QE.
The irony here is telling.
In the same week that the U.S. Federal Reserve shut down what was effectively ‚??QE4,‚?Ě with its announcement on Wednesday that its bond-buying program had ended, the Bank of Japan (BoJ) announced that it was turning up its printing presses.
The BoJ‚??s move took most market watchers — including myself — by surprise.
Read more about Japan’s quantitative easing surprise and Prime Minister Shinzo Abe’s “Abenomics” at Eagle Daily Investor.