|Bank of Japan May Soon Shut Down Abenomics|
|by Tom McGregor||Mon, May 26, 2014, 10:35 PM|
The days of Abenomics could be nearing an end. The strategy of flooding the Japanese markets with Japanese Yen currency appears to have run its course.
According to Reuters, "The Bank of has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus, taking first tentative steps towards a potentially momentous move for the world ."
The Bank of Japan now fears a sudden onslaught of inflation in the country.
As reported by Reuters, "Current and former central bankers familiar with internal discussions say an informal debate is under way on how to prepare for an exit from the BOJ's 13-month-old "quantitative and qualitative monetary easing."
The Bank of Japan is starting to realize that Abenomics had been an abysmal failure.
To read the entire article from Reuters, link here:
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