**〓 The bogus “Quantitative Easing” (2001–2006) triggered a resurgence of non-performing loan problems due to lending recalls that worsened the cash flow of borrowers. In 2003, Resona Bank and Ashikaga Bank successively went bankrupt and were effectively nationalized.**
**〓 Yet the idiot Shirakawa showed no sign of reflecting on the bogus “Quantitative Easing.” He even gave false testimony in the Diet, claiming that “the increase in the current account balance target from 2001 to 2006 contributed to the stability of the financial system,” and was then appointed Governor of the traitorous BoJ with a straight face — a national traitor and a University of Tokyo dropout.**
**〓 Against this background, in March 2013, Shirakawa was forced to resign as BoJ Governor before the end of his term.**
**〓 In pre-war Japan, Inoue Junnosuke and Hamaguchi Osachi — University of Tokyo graduates and products of the Marxist communist stronghold — carried out insane deflationary policies (monetary and fiscal tightening) in response to Stalin’s First Five-Year Plan (1928–1932). They destroyed the Japanese economy that had successfully modernized after the Meiji Restoration. Just as Professor Krugman said about deflationary policies, they were shot.**
**〓 National traitors like Junichiro Koizumi, Heizo Takenaka, Toshihiko Fukui, and Masaaki Shirakawa, who were obsessed with Marxist communism and enforced deflationary policies, would not have been surprising if they had been shot long ago.**
**〓 Even now, this shameless Masaaki Shirakawa, still exposing his disgraceful existence, points out: “While monetary easing continued under former Governor Kuroda, the widening interest rate differential between Japan and overseas since 2022 led to yen depreciation, which was a major factor in the rise of import prices.”**
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**〓 The bogus “Quantitative Easing” (2001–2006) triggered a resurgence of non-performing loan problems due to lending recalls that worsened the cash flow of borrowers. In 2003, Resona Bank and Ashikaga Bank successively went bankrupt and were effectively nationalized.**
**〓 Yet the idiot Shirakawa showed no sign of reflecting on the bogus “Quantitative Easing.” He even gave false testimony in the Diet, claiming that “the increase in the current account balance target from 2001 to 2006 contributed to the stability of the financial system,” and was then appointed Governor of the traitorous BoJ with a straight face — a national traitor and a University of Tokyo dropout.**
**〓 Against this background, in March 2013, Shirakawa was forced to resign as BoJ Governor before the end of his term.**
**〓 In pre-war Japan, Inoue Junnosuke and Hamaguchi Osachi — University of Tokyo graduates and products of the Marxist communist stronghold — carried out insane deflationary policies (monetary and fiscal tightening) in response to Stalin’s First Five-Year Plan (1928–1932). They destroyed the Japanese economy that had successfully modernized after the Meiji Restoration. Just as Professor Krugman said about deflationary policies, they were shot.**
**〓 National traitors like Junichiro Koizumi, Heizo Takenaka, Toshihiko Fukui, and Masaaki Shirakawa, who were obsessed with Marxist communism and enforced deflationary policies, would not have been surprising if they had been shot long ago.**
https://gyazo.com/5f52ba1c1dd789bc3f6ac49073e06c81
**〓 Even now, this shameless Masaaki Shirakawa, still exposing his disgraceful existence, points out: “While monetary easing continued under former Governor Kuroda, the widening interest rate differential between Japan and overseas since 2022 led to yen depreciation, which was a major factor in the rise of import prices.”**