The story in Asia continues to be Japan, where shares defy stumbling Western equities and...


The story in Asia continues to be Japan, where shares defy stumbling Western equities and continue to gain - the Nikkei's 1.1% move last night bringing a 2-week rally to 6.5%. A sliding yen - the dollar surpassing ¥80 for the first time since early summer - amidst the usual chatter of further BOJ action is helping grease the run. EWJ +0.8% premarket.

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  • BruceInKY
    , contributor
    Comments (445) | Send Message
     
    So BOJ is digitizing enough paper to offset the almost 15% decline in Japanese exports to China, and the complimentary declines in exports to South Korea and Taiwan, overall slowing of the global supply chain. Yikes.
    25 Oct 2012, 07:10 AM Reply Like
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