My Kuroda! Japan’s House Prices Soar With Bank Of Japan’s Asset Purchases (Just Like The USA!)

My Kuroda! 

Yes, The Bank of Japan’s Haruhiko Kuroda (the current governor) has greatly expanded the BOJ’s balance sheet of assets. 

Starting in 2012, Japan’s house price index has soared along with BOJ’s total assets p;urchases.


In a similar fashion, the US Federal Reserve embarked on a historic market intervention starting in late 2012 affectionately known as QE3 (the third and largest round of asset purchases).  Like Japan, US house prices have

risen with the Fed’s asset purchases.


Now, if only Kuroda can solve Japan’s declining and aging population problems using monetary policy.


He can’t, of course.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.