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The early retirement of BOJ Governor Shirakawa is cause for a party in Tokyo, with the Nikkei...

  • Wednesday, February 6, 7:01 AM ET
    The early retirement of BOJ Governor Shirakawa is cause for a party in Tokyo, with the Nikkei soaring 3.8%. The dollar strengthened vs. yen - nearly tapping on 2009 levels - before backing off to about unchanged on the session. BOJ board member Takehiro Sato says achieving the new 2% inflation goal would require as-yet untried QE methods. Can't wait. EWJ +1% premarket.
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This news story has 8 comments:

  • Here is a short yen idea, along with other longs and shorts: http://seekingalpha.co... additionally, you might be interested in looking at a yen mortgage: http://seekingalpha.co...
    6 Feb, 07:13 AM Reply Like
  • These guys are really playing with fire....I donĀ“t think they are thinking about the side effects of all this...food for one...
    6 Feb, 07:16 AM Reply Like
  • Excellent move by the Japanese. For too long has that country suffered the foolish hawks.
    6 Feb, 08:40 AM Reply Like
  • If you want growth, then totally. How can you allow the currency to strenghten in the face of economic weakness? That's a policy targeted for the retired at the expense of younger generation.
    6 Feb, 09:15 AM Reply Like
  • Hey I'm with you on that. Let's just print and distribute the money to the people. It's about time guys on the street get their share of the cake too. Even better, now no one has to work. We simply print all the money we will ever need! Hey, did I just invent the economic perpetuum mobile? Woah, better get a global patent on that quick!
    6 Feb, 09:39 AM Reply Like
  • You are an idiot who has no understanding of monetary policy. Read a bit of Friedman and then talk.
    6 Feb, 12:05 PM Reply Like
  • 3.8%. Wow. I wonder what will happen to the U.S. markets when/if Ben Bernanke steps down...
    6 Feb, 09:39 AM Reply Like
  • That would depend on who follows would it not? Is it possible to be much more dovish? There's more leeway in the hawkish direction, though I doubt it would ever find the political will.
    6 Feb, 09:48 AM Reply Like
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