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Japanese Stocks Up 1600 Points, USDJPY Up 5 Handles Since QE Ended; Kuroda Opposition Grows
Nikkei 225 futures are up over 1600 points since QE ended and topped 17,000 in a quiet Asian holiday session. USDJPY topped 113, up a stunning 5 big figures since QE ended. But it's not all hyperinflationary ponies and rainbows as The Wall Street Journal stuns its readership by admitting "although economic theory says a falling yen should make Japanese goods more competitive overseas and boost exports, that didn’t happen." Of course, that merely means moar is needed and therein lies the problem as opposition (internal and external) to Kuroda's policies are growing. "Opposition within the BOJ looks likely to ... (full story)
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- Edited Nov 3, 2014 12:08am Nov 2, 2014 11:09pm | Edited Nov 3, 2014 12:08am
- liberty458
- | Joined Aug 2006 | Status: Member | 525 Comments
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- Nov 2, 2014 11:17pm Nov 2, 2014 11:17pm
- nsb
- | Commercial Member | Joined Feb 2014 | 6 Comments
Equities open and promptly sell off