and then there is this.?!, page-90

UT, it has taken decades of CB printing in Japan, and STILL the property and stock markets, and consumer prices, refuse to be affected. People are too scared to spend, they keep saving.

The Japanese Govt. has tried all sorts of weird and wonderful techniques to get people to spend. One idea was to have a planned increase in GST every year. If it is 5% now, make it 7.5% next year, and 10% the year after, just so people will get out there and spend before the tax goes up!

Nothing has worked to "create" inflation, and Japanese money printing makes Bernanke look like a rank amateur. Pulling financial levers doesn't work - it's all down to peoples' psychology.