Risk Japan 2011: Mizuho Securities CRO praises Fed's Jackson Hole position; looks to Japan's new prime minister on JGB security
During a question and answer session at Risk Japan 2011 in Tokyo today, Mizuho Securities chief risk officer, Kenji Fujii, tells delegates Fed chairman, Ben Bernanke, was right not to have announced a new wave of quantitative easing last week. He also points out that political risk shrouds the debt security of both the US and Japan
The US Federal Reserve chairman, Ben Bernanke, got it right during his address at the annual Jackson Hole meeting in Wyoming last week when he disappointed some observers by failing to announce a third quantitative easing policy to inject life into the US economy, according to Kenji Fujii, chief risk officer at Mizuho Securities in Tokyo.
“The [Jackson Hole] speech by chairman Bernanke was
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