Get ready to short Japanese equities and expect another real-estate bubble burst.
Christine Hughes, President and Chief Investment Strategist, discusses details of Japan’s radical monetary policy.
the key part of the video, for ease of viewing:
the key part of the video, for ease of viewing:
The USDJPY has is trying to break the 103 barrier again after
the BoJ meeting and Cabinet Secretary Suga commented the “BoJ should
continue to steadily strive to reach inflation targets as soon as
possible”.
https://www.mr-topstep.com/index.php/layout/forex/2937-eur-fed-watching
Abenomics in Review: Yen, Inflation, Exports, Imports
With the Yen collapsing vs. all other currencies, inquiring minds may be wondering how prime minister Shinzo Abe’s inflation policy is working out in practice. Let’s start with a look at the Yen.
Yen Daily Chart for One Year
In the last year, the Yen has fallen from 124.79 to 97.56. That is a decline of 21.82%. Recall that Abe’s policy is an attempt to raise inflation and spur exports.
Japan Still in Deflation
On May 19, Reuters reported Japan’s Amari: core core CPI showing signs of turning positive due to BOJ.
Read more at http://globaleconomicanalysis.blogspot.com/2013/05/abenomics-in-review-yen-inflation.html#hhvuvFPRuEP2eI9Z.99
JAPAN “voted unanimously to stick with April’s massive QE” – big reason stocks have not corrected in 2013
https://twitter.com/CiovaccoCapital
https://www.mr-topstep.com/index.php/layout/forex/2937-eur-fed-watching
Abenomics in Review: Yen, Inflation, Exports, Imports
With the Yen collapsing vs. all other currencies, inquiring minds may be wondering how prime minister Shinzo Abe’s inflation policy is working out in practice. Let’s start with a look at the Yen.
Yen Daily Chart for One Year
In the last year, the Yen has fallen from 124.79 to 97.56. That is a decline of 21.82%. Recall that Abe’s policy is an attempt to raise inflation and spur exports.
Japan Still in Deflation
On May 19, Reuters reported Japan’s Amari: core core CPI showing signs of turning positive due to BOJ.
Japanese Economics Minister Akira Amari said on Monday that core-core consumer prices, which exclude fresh food and energy, are showing signs of turning positive due to the Bank of Japan’s aggressive monetary easing. Amari, speaking to reporters, also said the government still judges Japan to be in mild deflation as other measures of consumer prices are still falling when compared to the same period a year ago.Fancy that. Consumer prices are still falling in spite of a 21% plunge in the currency. OK, but what about exports and imports?
Read more at http://globaleconomicanalysis.blogspot.com/2013/05/abenomics-in-review-yen-inflation.html#hhvuvFPRuEP2eI9Z.99
JAPAN “voted unanimously to stick with April’s massive QE” – big reason stocks have not corrected in 2013
https://twitter.com/CiovaccoCapital
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