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The government's supporters have christened the fiscal and monetary strategy "Abenomics".
Dealers are now waiting anxiously to see whether the new monetary strategy of the world's eighth largest economy can survive fresh speculative attacks and avert a potentially catastrophic crash that analysts fear could plunge the globe into recession.
The truth is that single-minded adherence to an inflation target may be flawed.It is ironic therefore that the ECB's "two-pillar" monetary strategy has been so criticised indeed partly blamed for the euro's weakness.
WASHINGTON — A lone dissenter on the Federal Reserve's policy-making committee warned Friday that the central bank's monetary strategy could backfire and touch off a new boom-and-bust cycle.
Bank of England (@bankofengland) News Release – Monetary strategy and prospects – speech by Paul Tucker http://t.co/vwdr54KESG September 24 , 20132.15pm BST Another resignation in Germany... this time at the Pirate Party, where leader Bernd Schlömer has reportedly told party members that he won't run again.
And to argue that the euro was flawed by failing to unite politics and fiscal policy with monetary strategy, that German intransigence on debt has damaged the wider project and, above all, that Greece is being crushed by its rigid and ever-tightening financial straitjacket.
Similar(50)
The Fed faces headwinds to its monetary policy strategy with a cocktail of growing inflationary pressure and weaker than expected economic traction".
An article on Thursday about the Bank of Japan's monetary policy strategy gave outdated information on the status of the latest budget in the Japanese Parliament.
The Federal Reserve has not followed the suggestion of some that it pursue a monetary policy strategy aimed at pushing up longer-run inflation expectations.
Might have more details later.... 3.51pm BST Speaking of the Federal Reserve.... one of its board governors has admitted that the US central bank made a bit of a hash of communicating its monetary stimulus strategy.
The FOMC minutes are published (with a three-week lag) and Mr Greenspan steers traders through his speeches and testimonies (though he retains a penchant for circumlocutory phrases).Nonetheless, American monetary policy strategy is less transparent and more personalised than in many other modern economies.
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