Ambrose Evans-Pritchard writes that the Bank of Japan is getting ready to really turn up the juice on money printing in order to “fight deflation.” Premier Shinzo Abe has vowed an all-out assault on deflation, going for broke on multiple fronts with fiscal, monetary, and exchange stimulus. This is a near copy of the remarkable experiment in the early 1930s under Korekiyo Takahasi, described by Ben Bernanke as the man who “brilliantly rescued” his country from the Great Depression. Takahasi was the first of his era to tear up rule book completely. He took Japan off gold in December 1931. … Continue reading Japan Ramps Up its Monetary Race to the Bottom