Because it can't!
Here's why Japan won't do anything about the crazy yen surge
The Japanese yen is on fire. The currency surged for the fifth straight day on Thursday, strengthening by as much as 1.7% to 107.92 against the dollar. That's the strongest level since October 19, 2014 — right before the Bank of Japan shocked the markets by boosting its quantitative easing program. The yen is now up about 10% versus the dollar in 2016. Thursday's surge followed comments from the Bank of Japan's governor, Haruhiko Kuroda, who suggested the central bank could ease policy even further if needed. Generally speaking, a weaker currency helps Japan's exporters and corporate profits. So, some economists ... (full story)