In response to an FT article by Gillian Tett on 3rd March 2016, entitled 'Japanese monetary firepower misses the mark'
The BoJ remind me of a firm of 'dodgy builders'. E.G. If you keep applying extra layers of plaster to the surface of a damaged wall in order to cover up deep cracks - you have to apply ever thicker layers - until eventually the whole thing falls off in one big lump.
That's what's happening in the Japanese economy. Eventually this ridiculous debt laden edifice will fall to the ground, and the wall will have to be rebuilt.
Moving forward it'll be a good idea to employ a real builder rather than a guy who's spent thirty years studying the latest theories on neo-classical plastering.