Bank of Japan Joins ECB-FED: Increases Quantitative Easing by 10 Trillion Yen ($697 Billion)

Having just pointed out how inflationism by both Bank of Japan and China’s PBOC has functioned as a principal unseen causal factor behind Senkaku Islands dispute, here comes another round of easing from Bank of Japan (BoJ)

From Bloomberg,

The Bank of Japan expanded its easing program in an effort to prevent a rising yen from undermining an economic recovery, following measures from the U.S. Federal Reserve last week to stimulate growth.

The central bank increased its asset-purchase fund to 55 trillion yen ($697 billion) from 45 trillion yen and its lending facility was kept at 25 trillion yen, according to a statement released in Tokyotoday. Five of 21 analysts surveyed by Bloomberg News predicted easing while 11 forecast the action by October.

Here is what I recently wrote,

Yet the huge amount of coming infusions from the FED-ECB will likely be complimented by the Bank of England, and Bank of Japan, as well as the Swiss National Bank whom has been the quasi-pioneer implementer of the unlimited option via the Swiss-Franc Euro price cap

This has not been about the rising yen, this has been about political desperation to survive the current crumbling debt based political order.