In response to an FT article by Robin Harding on 5th October 2015, entitled 'Japan central bank chief weighs policy easing options'
"First was a fall in industrial production, raising the likelihood Japan is in a technical recession...Mr Kuroda has devoted speech after speech this year to arguing that BoJ policy works by raising public expectations of future inflation"
Everything about those statements is back to front. Firstly, the only thing 'technical' in Japan's economy is the sporadic 'growth' that has taken place during a slump that is now 25 years old. Secondly, BoJ policy doesn't 'work', unless by 'work' you mean government debt approaching 250% of GDP, a central bank that is transferring this debt to its own balance sheet in order to keep interest rate payments from consuming the majority of its tax receipts, and a thoroughly juiced stock market that goes up when economic news is bad because that means more opportunity to front run a government rigged market.
Japan isn't alone - the Fed and the ECB are right behind them. The academics who run what are effectively 'monetary politburos' will never admit that their policies are a disaster in tha making. They will keep going until the system collapses under its own weight, Sadly, this will cause financial hardship to millions of people who deserve far better from these so called 'experts', who are supposed to act as the 'custodians' of our financial and monetary systems. They are neither. Their policies are intellectually bankrupt, as is the system of cronyism they are propping up