However, both Mr Mahon and Mr Stealey said the political climate in Europe would not allow such a move.
Mr Mahon added: “Already in Europe there’s a big push back from the Germans about ongoing quantitative easing (QE). In the UK, [they are] talking about the impact on pension funds. Over here we are more aware that it’s not just milk and honey that happens when QE is announced.”
Article continues after advert
KEY NUMBERS
-0.045% Yield on 10-year Japanese government bond
1991 Last time Japan’s annual inflation rate was above 2 per cent
Page 2 of 2
