{"id":26883,"date":"2017-10-16T07:19:34","date_gmt":"2017-10-16T12:19:34","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26883"},"modified":"2017-10-16T07:19:34","modified_gmt":"2017-10-16T12:19:34","slug":"nonsensical-global-worries-over-subdued-inflation-yellen-draghi-kuroda","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26883","title":{"rendered":"Nonsensical Global Worries Over Subdued Inflation: Yellen, Draghi, Kuroda"},"content":{"rendered":"
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Nonsensical Global Worries Over Subdued Inflation: Yellen, Draghi, Kuroda<\/a><\/h3>\n<\/div>\n
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Central bank presidents at the Fed, the ECB, and Bank of Japan are all concerned over low inflation. The Fed wants to hike anyway, but the Bank of Japan will keep pursuing aggressive monetary easing. Meanwhile, asset prices are in the biggest ever bubble.<\/section>\n<\/div>\n<\/header>\n
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Bank of Japan<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Bank of Japan Governor, Haruhiko Kuroda, says the BOJ Will Keep Pursuing Aggressive Monetary Easing<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cThe Bank of Japan will consistently pursue aggressive monetary easing with a view to achieving the price stability target at the earliest possible time,\u201d Mr. Kuroda said at a meeting of the Group of 30 in Washington.<\/p>\n

\u201cAchieving the 2% target is still a long way off,\u201d Mr. Kuroda said.<\/p>\n

\u201cOnce price increases become widespread, medium- to long-term inflation expectations for firms and households are expected to rise gradually and actual inflation will increase toward 2%,\u201d he said.<\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n

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ECB<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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ECB president Mario Draghi says the ECB must be \u2018Persistent\u2019 with Monetary Policy in Face of Weak Inflation<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\u2018It\u2019s going to take time. We have got to be persistent with our monetary policy,\u201d Draghi said on the sidelines of the meetings of the International Monetary Fund and World Bank in Washington, reported The Wall Street Journal.<\/p>\n

Draghi gave an upbeat outlook on the 19-nation eurozone economy, but said inflation remains too weak, possibly due to subpar wage growth, he said. The ECB\u2019s program of buying 60 billion euros ($70.9 billion) of bonds a month is set to expire in December. Policy makers are expected at a meeting on Oct. 26 to announce plans to begin scaling down the monthly purchases next year, but Draghi suggested the decision could be delayed again, the report said.<\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n

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Fed<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Fed chair Janet Yellen says the Fed is Watching Inflation Closely but Economy is Strong<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Nonsensical Global Worries Over Subdued Inflation: Yellen, Draghi, Kuroda Central bank presidents at the Fed, the ECB, and Bank of Japan are all concerned over low inflation. The Fed wants to hike anyway, but the Bank of Japan will keep pursuing aggressive monetary easing. Meanwhile, asset prices are in the biggest ever bubble. Bank of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,85,124,233,282,303,2854,426,451,1044,14648,13390,3650],"class_list":["post-26883","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-boj","tag-central-banks","tag-ecb","tag-european-central-bank","tag-fed","tag-haruhiko-kuroda","tag-inflation","tag-janet-yellen","tag-mario-draghi","tag-michael-shedlock","tag-mishtalk","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26883"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26883\/revisions"}],"predecessor-version":[{"id":26884,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26883\/revisions\/26884"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}