How else do you explain this action, nearly fifty years after Friedman's MHotUS?
* * * * * J B K * * * * *
San Francisco
The Bank of Japan on Friday promised "new efforts" to support economic growth but it is unlikely to make the big changes to monetary policy demanded by its critics in Japan's ruling party.
The bank forecast an end to deflation next year, predicting that prices will rise by 0.1 per cent in the year that starts April 2011, and sharply increased its median growth forecast for this year from 1.3 to 1.8 per cent.
http://www.ft.com/cms/s/0/c1dcc3f8-5415-11df-b75d-00144feab49a.html
