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Tokyo bucks the selloff, +1.9% as opposition party leader Shinzo Abe - possibly set to come to...

Tokyo bucks the selloff, +1.9% as opposition party leader Shinzo Abe - possibly set to come to power in coming elections - makes clear his position: "The biggest economic problem is prolonged deflation and a strong yen ... Markets will only start to react once unlimited monetary easing is conducted." The dollar rises to a 6-month high, +1.2% and buying ¥81.17. EWJ +1.6% premarket, but also consider funds which hedge against the yen.
Comments (1)
  • hopefully the yen will weaken over time--japan has been crippled by an overvalued yen for the last two years. plus the swiss have recently
    implemented "unlimited easing" successfully. if the swiss have done it, obviously the same approach is a "no brainer" for japan at this time.
    18 Nov 2012, 06:49 AM Reply Like
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