In addition to these problems related to the JGB market, I am concerned about another side effect of QQE; namely, the risk that the Bank’s profits might be reduced in the course of normalizing monetary policy in the future, which could impair its capital or increase the public burden.
It serves 10 million students each year in 121 countries – about 50,000 of them here in the Washington, D.C., area. I applaud Junior Achievement’s mission, which is to inspire and prepare young people to succeed in a global economy and cultivate their understanding of the principles of market-based economics and entrepreneurship.