Six and a half years after unleashing massive monetary easing, the Bank of Japan failed to raise inflation as planned. Now clouds hang over the Japanese economy — as they do others worldwide — because of the U.S.-China trade war, slowing global growth and rising economic uncertainty.
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The BOJ’s next step down a narrow path
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Six and a half years after unleashing massive monetary easing, the Bank of Japan failed to raise inflation as planned. Now clouds hang over the Japanese economy — as they do others worldwide — because of the U.S.-China trade war, slowing global growth and rising economic uncertainty.