Bridgewater: Japan's QE Mostly Impacts Yen, Not Broad EconomyMark Melin
Quantitative easing in Japan has delivered a “muted” boost in consumer lending and even the related higher end asset prices that result from the program are only benefiting households to a limited degree, a recent strategy document written by Bridgewater Associates observes.
To develop its thesis, Bridgewater looks at quarterly bank earnings announcements in Japan and uses this as one yard stick to measure how successful the Bank of Japan’s quantitative easing is at “flowing through to the real economy.”
The . . .
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