The huge volatility in the Japanese market is not surprising given the aggressive monetary policies put in place in the country over the last six months, St Louis Federal Reserve Chairman James Bullard told CNBC.
“I wouldn’t be surprised with that kind of action over that kind of timeframe that you’re going to get some volatility,” Bullard said Friday.
The policy, which includes pursuing quantitative easing as long as is needed to achieve a 2 percent inflation target, has led to a surge in Japanese stocks.
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