"If The Fool persists in his Folly he will become wise." - William Blake
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It’s time for the Bank of Japan to put up or shut up
After weeks of mostly ineffective jawboning by several of the country’s top economic policy makers, investors are wondering if the Bank of Japan is finally ready to make good. While many remain skeptical about whether the BOJ would intervene by selling yen in the open market, expectations that the central bank might loosen monetary policy at a meeting next week — and effectively drive the yen lower— have risen in recent days. The shift has helped propel the dollar to what looks to be its largest weekly gain USDJPY, +2.12% against the yen since January, with most of the rise coming on Friday amid reports the BOJ ... (full story)
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