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Can anybody explain the phrase in bold for me, please?

On Thursday, too, the Bank of Japan pushed back its inflation target for the sixth time and kept interest rates steady. The bank's monetary policy has "completely gone off the rails in a scorched earth kind of way," Peter Boockvar, chief market analyst at The Lindsey Group, wrote in a Thursday note to clients.

(Source: CNBC)

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In a(n) X kind of way is the same as an adverb in the form of "X-ly", which answers the question "how is X done?"

I looked at her wistfully.

I looked at her in a wistful kind of way.

This construct allow a well-known descriptive phrase or idiom to answer the same question "how is X done" instead of a single word.

Here's an example that isn't the best but hopefully illustrates:

I burned bridges with my boss and quit without notice.

I quit my job in a bridge burning kind of way. (Bridge-burningly generally won't work.)

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kind of way is colloquial phrase that is used when the speaker is making a comparison that is not "spot on" or perfectly apt but is a rough approximation or "fuzzy" in some other way, perhaps an exaggeration, and the speaker is acknowledging that fact:

She gave him a kiss, but it was in a grandmotherly kind of way.

He plays poker in a taking-no-prisoners kind of way.

It might be paraphrased "sort of in that manner".

sort of and kind of are qualifiers bordering on partial disclaimer.

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