Two months after Kuroda's first speech at the BoJ unveiling the 2-2-2-2 awesome extravaganza of excess that will enable Abe to slay his deflation-monster, we thought it worth a quick update on the score... things are not going according to plan, we suspect...
Equities are practically unchanged now; Equity implied volatility is up 60%; JGB yields have more than doubled; and the nation's currency is 6% weaker...
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Keep up the good work Kuroda...