Dislikedat this point i want to bold sumthing that for me is more interesting part...
the carry trade
if u realize....the unwinding of yen carry is when yen is about 125....till now...so from 2008 us had cut the rate.....
both of them have lower rate....but US get the safe-haven status late than yen after fed cut rate..now seem like trader hold more yen than usd...thats why we see it is so hard to "pull out" the speculator from their position...Ignored
Credibility is the name of this game ... sorry for them (companies/economy/employees) Boj did too little too late.
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Japan may lose 600,000 jobs if the yen stays at current levels, pushing carmakers to shift production overseas, according to a Nov. 21 report compiled by Minister of Economy, Trade and Industry Yukio Edano and posted on the website of the National Policy Unit that reports to Prime Minister Yoshihiko Noda.
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Just my 2 cents !