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Realistbear

Japan Unexpectedly Drops I R

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http://uk.finance.yahoo.com/news/bank-of-japan-adopts-zero-interest-rate-policy-afp-00b2f954c795.html?x=0

Bank of Japan adopts zero-interest rate policy
David "Dave" Watkins, 17:40, Tuesday 5 October 2010
The Bank of Japan on Tuesday surprised markets by adopting a near zero rate policy and announced further easing measures to help safeguard a fragile recovery from the threats of deflation and a strong yen.

Why is everything that has come out recently unexpected or a surprise? Kin obvious to me that Japan will drop IR as they are on a bender to reduce the value of the Yen--been so for weeks now.

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Oh good, an excuse for the BOE to do likewise.

Looks like more pay cuts ,house price cuts. deflation,deflation deflationdeflation.

Edited by awaytogo

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0.1% lower and 60 billion USD worth of QE they are saying. We often talk about the USA, UK and EU.. while forgetting about Japan which is about 10% of the global economy.

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Didn't do the yen much good (good in the sense of lowering it in the race to the bottom). Only a drop that lasted a couple of hours. The dollar, however, was trashed once again. Probably Bernanke railing against austerity.

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Didn't do the yen much good (good in the sense of lowering it in the race to the bottom). Only a drop that lasted a couple of hours. The dollar, however, was trashed once again. Probably Bernanke railing against austerity.

The fx markets are just laughing at the Japanese small printing efforts.

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Didn't do the yen much good (good in the sense of lowering it in the race to the bottom). Only a drop that lasted a couple of hours. The dollar, however, was trashed once again. Probably Bernanke railing against austerity.

Yeah, the $25 billion spent on the 15th of September and the other measure taken since then have resulted in the Yen going from 82 to the dollar to 85 and back to 82 again today.

I have to agree with Hendry, the Yen should be at 120 but will probably get to 50 or 60. If even possible that it could go higher when the gold bubble bursts as all bubbles burst.

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http://uk.finance.yahoo.com/news/japan-s-ruling-party-proposes-huge-stimulus-plan-afp-a9ea22de8740.html?x=0

Japan's ruling party proposes
huge
chump change stimulus plan
13:53, Wednesday 6 October 2010
Japan's ruling party on Wednesday unveiled its proposal for a 4.8 trillion yen stimulus plan to help boost a flagging economy beset by a strong currency and persistent deflation.

Given that they are the 3rd largest economy the kind of numbers they need to be thinking are measured in the 100s of trillions of Yen.

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  • 142 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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