Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

At a press conference following today's policy meeting, BOJ Gov. Shirakawa warns of "lasting...

  • Friday, October 7, 2011, 7:11 AM ET
    At a press conference following today's policy meeting, BOJ Gov. Shirakawa warns of "lasting damage" from a stronger yen. His concern is companies moving abroad might stay abroad even if the strength is reversed. It sounds just a little like a threat of a ceiling being put on the currency.
Track new comments on this story

This news story has 3 comments:

  •  
    Japan has little to no ammo to reverse the high yen.

    bitch squirm all you want. Japan is obviously not the power that's calling the shots. It's a race to the bottom. And you ain't in it.
    7 Oct 2011, 07:17 AM Reply Like
  •  
    I'm not so sure about that. If it chose to, the BOJ could do exactly as the SNB is doing and pledge to print yen in unlimited amounts to keep the currency from rising anymore.

    It's a question of will, politics, economic theory ... whatever, but as long as they own a printing press they are not out of ammo.
    7 Oct 2011, 07:20 AM Reply Like
  •  
    The evidence speaks. Don't see any country going full printing and winning the race to the bottom, without the other countries matching and raising them +$1T. Seems Japan is out gunned in the currency market.
    7 Oct 2011, 07:26 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Global Articles
More Latest Articles »