Diari wanita- sebuah sajak


suatu masa dulu
kisah seorang wanita itu rahsia
jika tahu butiran satu dua tentang dia
terkagum semua jelata terutama jejaka

tetapi hari ini
kisah wanita bukan lagi rahsia
malah terdedah tanpa soal paksa
semua atas rasa bangga dan suka

gandingan diari harian baru
malah kekadang terlupa
yang personal juga tercatat sama

wanita, ketahuilah
ulama berpesan, dirimu ialah hiasan
kisahmu rahsia buat kiasan
bukan tatapan sejuta insan

buku diari yang dulu
tercatat dengan pena biru
hari ini tinggal debu
kalau dulu ianya rahsia
kini ianya terbuka


Quantitative easing is an unconventional monetary policy used by Central Banks to stimulate the economy


Creation of money electronically, not physically


There are three countries popularly use this policy - USA, UK, Japan


Japan had experienced deflation about two decades until now following by their interest rate nearly to 0%.Japan is the largest indebted country among the countries with huge economy. Thus, Prime Minister Shinzo Abe introduced his policy which known as Abenomics. One part of Abenomics is introducing policy on Quantitative easing. Japan had two phases in implementing QE.  They began QE in 2001 but then, stopped in  March 2006 because that policy is not succeed. In 2013, Japan put their faiths in another phase of QE. They hoped in next two years - 2015, they could achieve the target of 2% in inflation.


Since they had faced deflation- decline in price, Japan put many efforts to increase the price which known as inflation. In implementing QE, they try to buy trillions of bonds. The theory in economy said that by buying bond, consumers would spend and have more cash. Here goes how the theory explained :-

1- Government buys bonds
2- Banks and financial Institution have more money from govt
3- Consumers would do more loans, less savings, and more spending - Interest rate decrease with demand increase.
4- Then, price will increase
5- Lastly, government would sell the bond after economy recovery

But, the theory is not going as expected

Consumers and company did not act as the theory goes. Business or company did not concern in increase the amount of loan but interested to concern the current account. Moreover, consumers still do more saving due to hike in Tax in Japan. Higher tax leads the real wages become lower and increase in their living costs. QE despite giving some positive impact such as increase in stock and decrease in unemployment; the positive impacts only last for a very short time. The trade balance still low the gap between rich and poor become larger in Japanese country.

This is my understanding based on my assignment on this topic.
Very interesting !