Comments from S&P's Paul Sheard, chief global economist

  • Japan is limping out of a self-induced recession, it was avoidable
  • Almost certain the Federal Reserve will raise rates in December
  • There are sings the BOJ's policy is working
  • Will take more time to reach the BOJ's target
  • Recession has set back BOJ's efforts to end deflation
  • Outlook for Japan's economy in 2016 looks pretty good
  • No real limits on central bank balance sheet expansion
  • there are plenty of assets the BOJ could buy

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