However, both Mr Mahon and Mr Stealey said the political climate in Europe would not allow such a move.
Mr Mahon added: “Already in Europe there’s a big push back from the Germans about ongoing quantitative easing (QE). In the UK, [they are] talking about the impact on pension funds. Over here we are more aware that it’s not just milk and honey that happens when QE is announced.”
-0.045% Yield on 10-year Japanese government bond
1991 Last time Japan’s annual inflation rate was above 2 per cent