Viewing profile — kadfasd4324

Fair enough. I think the comment was implying that their policies, not being entirely democratically accountable - the effectiveness of these instruments themselves being arguable …

... until you hit the central bank.

They are not. They are legally independent in many countries incl. the US, Japan, India (de facto), S. Korea, and Thailand.

Nikkei peaked at 40k in 1990; it has been hovering around 10-20k ever since.

Does anyone how much external debt is held by China ? I'd imagine their generally (well-placed IMO) aversion to IMF/WB folk might help them plod along with the help of their centra…