Japan shows quantitative easing works- Fed's Poole

St Louis Fed president William Poole said in the latest edition of the Regional Economist publication that "Japan showed us that a central bank has more than one tool to work with". Although many thought Japan had run out of firepower when it took that one tool down to zero, Poole said, but finally the Bank of Japan focused on quantitative easing.

Source: Reuters

Japan's efforts to boost its economy by increasing reserves in the banking system appear to be working, showing interest rates are no