QE Fails In Japan: Inflation Nonexistent, Consumer Spending Drops, More Ease Coming

"After nearly three decades of stagnation, Japan in 2013 went all-in, ordering its central bank, the Bank of Japan, to buy pretty much every bond on the market with newly-created yen. The BoJ’s balance sheet — a rough proxy for the amount of money it has created and dumped into the economy — soared at a rate that dwarfs, in relation to GDP, the US Fed’s QE programs.

But it’s not working:

Japan’s Consumer Prices Rise Fractionally While Spending Drops

(Bloomberg) – Consumer price gains in Japan remained little more than zero in June while household spending dropped, challenging the central bank’s effort to spur inflation.

Consumer prices excluding fresh food rose 0.1 percent from a year earlier, fractionally better than economists estimated. The same measure for Tokyo showed a 0.1 percent decline.

at  http://dollarcollapse.com/currency-war-2/qe-fails-in-japan-inflation-nonexistent-consumer-spending-drops-more-ease-coming/