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>> JAPANESE YEN Latest News

FEB 11, 2013 - Zero Hedge

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Getting Richer By Getting Poorer - Japan's FX-Bond-Stock Trilemma

Via Steven Englander of Citi, Getting richer by getting poorer -- How far does JPY have to fall? JPY could fall a lot further because weak JPY has been the most effective tool to create equity market wealth and spur Japanese demand. Moreover, Japanese policymakers do not have many other options. The policymakers may be technically correct in saying that policy is aimed at domestic targets, but the exchange rate happens to be the most effective lever to achieve their domestic goals.  Friday’s 1.8% drop in the Nikkei on the back of FM Aso’s comments were a warning that JPY strength would ... Read More

Tags: Getting Richer By Getting Poorer - Japan's FX-Bond-Stock Trilemma,  Japanese Yen Latest News