Imagine what would happen if Tim Geithner, Ben Bernanke and Hillary Clinton were to issue a joint statement on fighting deflation that was in turn prominently displayed under the monetary policy section of the Fed’s website …. Unthinkable?

Well, it just happened to the Bank of Japan, sounding a warning to all central bankers with “sound money” religion – if you don’t let the inflation dogs out and crank up the printing presses as the economy deteriorates, the politicians will come and shut you down.

Are we witnessing the beginning of the end for independent Japanese monetary policy?

Read the full article here: http://www.businessinsider.com/zervos-on-boj-decision-losing-independence-2012-11#ixzz2BNxUo4wJ