Has the last samurai of the hard money clan hung up his sword? That is the way it looks. The Bank of Japan’s decision to adopt an inflation target and double its bond purchase programme completes the global flight to soft money. The implications are likely to be profound.
稳健货币政策阵营的最后一名“武士”也缴械投降了吗？看上去确实如此。日本央行(BoJ)决定引入一个通胀目标，并把债券购买计划的规模扩大一倍。至此，世界各国都已转投宽松货币政策阵营。这件事很可能会产生深远的影响。
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