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Tokyo bucks the selloff, +1.9% as opposition party leader Shinzo Abe - possibly set to come to...
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Thursday, November 15, 2012, 7:04 AM ETTokyo bucks the selloff, +1.9% as opposition party leader Shinzo Abe - possibly set to come to power in coming elections - makes clear his position: "The biggest economic problem is prolonged deflation and a strong yen ... Markets will only start to react once unlimited monetary easing is conducted." The dollar rises to a 6-month high, +1.2% and buying ¥81.17. EWJ +1.6% premarket, but also consider funds which hedge against the yen.
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implemented "unlimited easing" successfully. if the swiss have done it, obviously the same approach is a "no brainer" for japan at this time.