Japan's grand experiment of decades-long QE coupled with Keynesian foolishness is about to take one last gigantic leap forward before it plunges straight off the cliff into a massive currency crisis.
Please consider the New York Times article, "A Call for Japan to Take Bolder Monetary Action":
For years, proponents of aggressive monetary policy have offered this unusual piece of advice as a way to end Japan's deflationary slump and invigorate the economy. Print lots of money, they said. Keep interest rates at zero. Convince the market that Japan will allow inflation for a while.
Japan's central bankers long scoffed at such recklessness, which they feared would ignite runaway inflation. But now, the bank's hand could be forced by an unlikely alliance of economists and lawmakers who have argued for Japan to take more monetary action after more than a decade of weak growth and depressed prices.