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For the first time since April of 2009, the yen (FXY) fell through the 100-level against the...

For the first time since April of 2009, the yen (FXY) fell through the 100-level against the dollar, helping the Nikkei rally nearly 3% on the session and almost 7% on the week. Japanese equities (EWJ) are now trading at levels last seen in January of 2008. Japanese capital flows data finally showed what many had been waiting for since BOJ Governor Kuroda's shot across the bow at deflation: an outflow, as Japanese investors became net buyers of foreign bonds.
Comments (6)
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Go go Power Rangers!!! Oh wait, I don't think that's a Japanese series, but whatever.
    10 May 2013, 07:46 AM Reply Like
  • Ron Myers
    , contributor
    Comments (255) | Send Message
     
    Actually it is although it's called Super Sentai over there. All the action scenes in the US Power Rangers came from the Japanese show and they got Americans to do the non-action parts.
    10 May 2013, 08:58 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Hope the people on the street like higher fuel and food prices. Hope wages rise for them too.....
    10 May 2013, 01:08 PM Reply Like
  • Jason Burack
    , contributor
    Comments (1721) | Send Message
     
    I doubt wages will rise fast enough to offset the higher prices from their trade deficits and higher import prices.
    10 May 2013, 03:13 PM Reply Like
  • mobyss
    , contributor
    Comments (1837) | Send Message
     
    What was the record one-week stock market return in Zimbabwe when they had their currency collapse?
    10 May 2013, 01:36 PM Reply Like
  • Jason Burack
    , contributor
    Comments (1721) | Send Message
     
    The Keynesian "solution" of devaluing your currency to boost exports, raise stock prices, etc fixes everything! NOT! In the short term this may look good, but this will result in a much lower standard of living for Japanese citizens. Japanese citizens holding lots of Yen and JGBs and not diversifying into other assets and assets outside of Japan are in trouble! Yen's decline could start accelerating faster.
    10 May 2013, 03:12 PM Reply Like
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