Failing on Inflation, Japan Fudges the Numbers

QE hasn't worked, but the Bank of Japan is pretending otherwise.

Check the math.

Photographer: Tomohiro Ohsumi/Getty Images

As Bank of Japan Governor Haruhiko Kuroda fails to get much traction in his bid to revitalize his country's economy, he should spare a thought for the man who warned him this would happen: his predecessor.

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