Despite clear market demands for further easing, the BOJ listened to anti-easing editorials. This text exposes the Asahi Shimbun’s selective use of “market principles” and criticizes the BOJ’s decision to follow distorted ideology instead of economic reality.

May 1, 2016
This is a continuation of the previous chapter.
For example, the Asahi Shimbun, which had long advocated a strong yen, continued to leave even an excessively strong yen unaddressed.
At that time, what it repeatedly insisted upon—something all Asahi subscribers should remember—was that market matters should be left to the market and that policymakers should listen to the market’s voice.
But what about their editorials this time?
When it suits their distorted ideology—one that is inseparably linked to the doctrine of belittling Japan—they insist on listening to the market.
Yet whenever Japan seeks to build a strong economy and pursue sound economic policies as a nation where the “turntable of civilization” has turned, standing alongside the United States as a global leader, they invariably raise voices of opposition.
Although the market was clearly and persistently urging the Bank of Japan to adopt further monetary easing in order to cope with current global economic conditions, the BOJ, unbelievably, chose to listen instead to the voices of the most foolish people imaginable.
Rather than listening to the market’s voice—formed by the enormous daily flow of global economic information—the BOJ committed the ultimate folly by taking seriously the editorials of journalists who are not only beneath kindergarten level, but, as will be made clear in the articles introduced below, may not even qualify as genuine Japanese.
To be continued.