Instead, central bankers need to adopt ôa selective use of transparencyö if they want to maximize outcomes stemming from their operations, argues Tony Hughes, MoodyÆs Economy.comÆs director of Asia-Pacific economics. Moody's Corporation acquired Economy.com for $27 million in November 2005
He points to Japan and the United States as prime examples of countries who should take cover rather than go streaking with their central bank plans.
In the case of Japan, Hughes argues that the BoJÆs policy of ôquantitative easingö and its...
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