Following the US Federal Reserve Board's dcision of raising its key interst rate,the world's major central banks are going towards the policy of shifting away from their money-market-eased one, which lasted about 10 yearts after the so-called Rehman Brothers' financial crisis. It is said that during the past 10 yeras after the Rehman crisis, the money circulating in the world market has inflated 1.8 times to $90 trillion. Given such conditions, central banks in the countries or organaization like Canada, UK, Sweden, and EU(ECB), are going to squeeze and shrink inflated money to the appropriate level each. But there seem to be some difficulties attaining their golas. As to side effects, there is a high possibility of putting a brake on their economy.
However, Japan's central bank, BOJ, is not on this track.
However, Japan's central bank, BOJ, is not on this track.
