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The G-20's silence on Japan's efforts to devalue the yen has that currency weaker and the Nikkei...
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Sunday, February 17, 7:36 PM ETThe G-20's silence on Japan's efforts to devalue the yen has that currency weaker and the Nikkei sharply higher in early Tokyo trade. The dollar +0.35% and buying ¥93.84. The Nikkei +1.8%.
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This news story has 6 comments:
Down for 25 years, hardly impressive; now only climbing barely above 10,000
Talk about Staflation, they never learned.
goo.gl/Na0SB
The Japanese are now allowed to open TFSA's which will spur people to buy stocks. The P.M has a target of 25 trillion yen ($268 billion USD). Not sure this current target figure can be achieved but the point is Japan has finally serious about fixing the malaise in the Japanese economy.
They've had 5 leaders in the last 4 years. The Japanese people want results from their leaders or they get tossed. The current P.M has been in office for 1 1/2 months and the markets are up sharply since his election. Now the G20 are saying to Japanese "yes, grow your markets so we can too"
$MFG - Be apart of this or miss out.
http://bit.ly/XfpgkZ