The Japanese bond purchase programme has already had a material effect on financial prices around the world. It will now alter the global investment landscape by changing the nature and size of capital flows. Yet once the initial excitement passes, the real question will become whether it adds to, or subtracts from, the longer-term stability of the global monetary system.
日本债券购买计划已对manbetx app苹果 金融市场的价格产生重大影响。它将通过改变资金流动的特点和规模来改变manbetx app苹果 投资版图。然而,一旦最初的兴奋退去,真正的问题将变成它会加大还是降低manbetx app苹果 货币体系在较长期内的稳定。
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