Is Japan’s monetary policy a ”big experiment”?

Ben Broadbent, a member of the Bank of Englands Monetary Policy Committee, stated that Japans monetary policy was a big experiment, which could lead to market volatility.

“Japan, of course, is in the midst of what amounts to a big monetary experiment, so I think we should see the volatility in equity markets and indeed in bond markets in that context,” part of Broadbent speech, as imparted by CNBC.

Japan has been struggling deflationary processes for about two decades and Bank of Japan is reacting with aggressive monetary policy measures.