UK economists divided over BoJ easing

bank-of-japan

Haruhiko Kuroda's monetary revolution at the Bank of Japan (BoJ) could gain traction with the real economy but for now "the jury is out", according to three leading UK economists.

Appearing before the UK parliament's Treasury Select Committee hearing today, the three witnesses also expressed concern at the likely risks of exiting quantitative easing (QE) in the UK – with one warning of an "unruly spike in gilt yields".

Gavyn Davies, chairman of Fulcrum Asset Management, said the BoJ's latest

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