One has to feel sorry for the people of Japan, the consumers, I guess buy the local Fukushima stuff and light up, Imports are out .....when 5 people vote for this type of a useless intervention, 5 people put the will on all of japan, crazy world and getting crazier....But i think the Heat is on.....
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)