Dislikeddammnnn UJAYYYYYYY!!! 100 pips down emergency landing... FXtyrant whats going on over the waters??Ignored
the USDJPY has been going up for last few days without a proper breather... im glad its taking a breather because im looking to load long...
meanwhile aso talked down the USDJPY saying the JPY depreciated a bit too fast...
I say hes full of shit...Japan is in a do or die situation....
Japan's economy is like a dead body, dead for the past 20-30 years....
Abe and his attempt to resuscitate this dead 20-30 years is like trying to get Frankenstein awake....
it needs a big jolt, im not talking about pumping it with money cuz thats just zapping frankenstein with electricity,it needs the chemicals to go with it.... in financial terms political reforms...
Open up Immigration, attract tourists and labour.
Reduce tax, screw the damn fiscal deficits, remove the debt held by domestic creditors and you have an economy that is still sustainable... no point in raising tax to fuck up the economy... like the sales tax hike.
print MORE money, and dont just limit the access of this money to banks for lending and the government for bond buybacks.... fucking print it for the general public so they can actually spend this money within their own economy so their spending would push up prices....
then give it one last big jolt, and you'll see this.
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Heck if Abe is truly committed to revive japan, fucking push the USDJPY up to 200 that should do the trick. < and no im not nuts... Japan had their best economic growth 30 or so years ago when the USDJPY was actually up around 200
We live in a finite world with infinite possibilities.