Earlier quoted context omitted.
You only have to look at the US and Euro economies post 2008 to see the real world benefits of QE. Europeans went down the austerity route and are stuck with consistently underperforming economy and the threat of deflation. The US has turned the corner and is a job creating machine again including the first real signs of inflationary pressure through rising wages. The most unusual thing I can see about Japan is it's…
> The US has turned the corner and is a job creating machine again The employment-to-population ratio has't recovered and is near the 30 years low. http://data.bls.gov/pdq/SurveyOutputServlet
Not to mention "Real" pay hasn't increased since the 70's