btw: why everyone is saing cheap yen is bad for the BOJ. Just think that japan is an export-oriented country, and cheap jpy make imports from japan more competitive against other goods(just my oppinion, again)
BoJ could even initiate that when they're too aggressive in their rate setting, on the other hand they need to raise to discourage the massive capital outflows... nice position they're in huh.....
But what they really need are tax reforms to deal with the record public debts and the costs of their aging population and to increase consumer confidence. Both are far away with sliding popularity of the present administration and wages lagging behind in the longest post-war expansion period.
In the meantime everybody and their mothers are sending their savings overseas for higher yields.
