Monetary Policy Has been A Failure In Japan

Rember Abeconomics and the BOE buying lots of stocks and other assets? One analyst has states that it's an official monetary policy failure

During September last year, the decision by the Bank of Japan to overhaul its monetary policy lead analysts at Citigroup to declare an end to the era of quantitative easing. Citi analyst Willem Buiter wrote in a research note at the time:

"The BoJ's September 21 decision to move to a framework of 10-year yield targeting marks the beginning of the end of QE (the focus on asset purchase size and balance sheet size as primary instruments of monetary policy), with notable read-through to other central banks." 

However, by the first quarter of 2017, analysts had changed...