~~~~ ” … While officials yesterday contested claims that the Fed is undertaking quantitative easing, they acknowledged that the central bank’s new actions will result in another injection of funds into the system. Officials said their objective is to affect credit markets rather than to target money supply.
The Bank of Japan is the only major central bank to deploy quantitative easing in modern times, from 2001 to 2006. Current Governor Masaaki Shirakawa said in May that the policy “was very effective in stabilizing financial markets,” while at the same time it had “limited impact” in resolving Japan’s economic stagnation of the time because banks wouldn’t lend and companies wouldn’t borrow….” ~~~~
Quantitative easing ::: easing the stressed balance sheets of over-levered financial institutions…
It’s always about saving the banks… pity…
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