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  • Japan official citing Kuroda: Recent rapid, one-sided yen weakening is negative, undesirable

    JAPAN GOVT OFFICIAL CITING BOJ GOV KURODA: RECENT RAPID, ONE-SIDED YEN WEAKENING IS NEGATIVE, UNDESIRABLE TO JAPAN ECONOMY AS IT HEIGHTENS UNCERTAINTIES FOR CORPORATE MANAGEMENT

    — *seven (@sevenloI) September 30, 2022
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  • Comment #1
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  • Edited 7:18am Sep 30, 2022 6:39am | Edited 7:18am
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 570 Comments
Weakening, as per your currency performance. why blame you? We did not forget the negative fiscal rate you remain it whole the year long again and again. GDP down. Who does not know that Yen deserves its weakening?
 
 
  • Comment #2
  • Quote
  • Sep 30, 2022 7:03am Sep 30, 2022 7:03am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1523 Comments
The reality to understand is that the world syndicate of banks is greed driven.

This is to say, those affiliated with the banks, those running the show, are greed driven. And they can and do take positions for personal profits, as well as entity profits.......

.....even positions that are taking advantage of the very "situations" they might publicly complain about....HTMRW.

And they might stall on correcting such "situations" until they are satisfied with their personal and entity profits.

When it comes to something that is "traded", it becomes all about money,....control of pricing and profits by a cadre of elites,...not ethics nor fairness. Control, greed and money for the elite trumps all.
 
 
  • Comment #3
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  • Sep 30, 2022 7:32am Sep 30, 2022 7:32am
  •  foto
  • Joined Jan 2007 | Status: Member | 2470 Comments
Although there is no announced change in BOJ policy there are the beginnings of change with the verbal interventions such as this.
Kuroda is publicly acknowledging that Japan Inc is feeling the pain of weak Yen with accompanying high energy costs.
Japans economy is doing ok at retail level and deflation no longer enemy #1

GBP/JPY just bounced and gave a decent retrace entry for those who believe change was due for Yen outlook. Here Kuroda giving some confirmation.
 
 
  • Comment #4
  • Quote
  • Sep 30, 2022 8:32am Sep 30, 2022 8:32am
  •  sfrankenfx
  • | Joined Apr 2022 | Status: Member | 197 Comments
then raise rates you damn clowns. Are they that slow?! they would rather waste billions $$ on pointless intervention, rather than had they raise rates it would actually make a real improvement in their currency.
 
 
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  • Posted: Sep 30, 2022 6:24am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 4  /  Views: 1,473
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