How Quantitative Easing Differs in Japan and Europe

MIN READApr 17, 2015 | 08:49 GMT

Japanese Prime Minister Shinzo Abe speaks at a press conference on May 7, 2014, at the EU Headquarters in Brussels.

(GEORGES GOBET/AFP/Getty Images)

In many ways, the ECB and the Bank of Japan are facing similar challenges. Both have also resorted to the same methods of coping with those challenges. So why does ECB President Mario Draghi look like an all-knowing seer while his Japanese counterpart, Haruhiko Kuroda, appears to have run out of ideas? The answers lie in the different contexts of the two economies, and Draghi and Kuroda could end up exchanging roles as time passes....