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(1)
  • Sean Bellamy McNulty
    With widening trade deficit, Bank of Japan intervention grows more likely.
    9/21/11
    Reply (6)
    • jason2713: what can they do?
      9/21/11
    • losbronces: Buy dollars with Yen hot off the presses to decrease the value of the Yen and make exports more attractive.
      9/21/11
    • jason2713: but they need imports to rebuild, they are eff'ing themselves.
      9/21/11
    • Sean Bellamy McNulty: Or issue a statement as per the Swiss
      9/21/11
    • losbronces: They have to count on the downward trend in commodity prices to continue...they are in a tough situation.
      9/21/11
    • Sean Bellamy McNulty: Very tough, especially given their fiscal situation.
      9/21/11