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Then, as stocks collapsed, the credit authorities shifted to massive easing to save the economy from a horrible recession and to fight deflation.
Slightly higher inflation, stoked by the Bank of Japan's massive easing, adds to the effect.
Periods of massive easing (or printing boatloads of money) tend to be very inflationary.
At the start of 2009, he gave his calls for why he sees an imminent market recovery, among them, the government's massive easing of interest rates.
Recent research on American grades found that a massive easing of standards took place across hundreds of colleges and universities in the last 50 years.
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This is truly a dish with a massive ease-to-deliciousness quotient.
Without the Bank of Japan's massive quantitative easing, who knows how far the economy might have sunk?
Shinzo Abe, Japan's prime minister, has sought to disprove that, espousing massive monetary easing to get prices rising.
The first was a jolt of fiscal stimulus for the economy, the second an unprecedented monetary boost through massive quantitative easing.
As I've pointed out in the past, Japan did a massive quantitative easing without IOER, and the results were basically the same — nothing much — as QE here.
The ECB has been propping up the recovery with ultra-low borrowing costs, alongside printing money in a massive quantitative easing (QE) programme.
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