Bill Mitchell: Bank of Japan continues to show who has the power

1. It would better for the speculators to stop their futile attempts to profit from pressuring the Bank to raise rates and end its bond-buying program.

2. The Bank will not cede to this pressure, nor does it have to and will actually extend its interest rate control and bond-buying.

3. Eat your heart out!

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Bank of Japan headquarters in Tokyo, Japan.jpg

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