Japan plans to purchase bonds issued by the European Stability Mechanism and euro-denominated...


Japan plans to purchase bonds issued by the European Stability Mechanism and euro-denominated sovereign debt, Finance Minister Taro Aso said today, although the government hasn't decided on an amount. The idea is to weaken the yen and help support Europe, although forex strategist Marshall Gittler views the move as more political than impactful.
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  • User 509088
    , contributor
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    europe is almost as important to japan as it is to germany. political gestures are impactful.

     

    for instance, the fed funding ruined the interest rate whip saw which had been rolling out between europe and the us. that political move was impactful in the sense the interest rate manipulation was stopped in it's tracks, a lot of folks with burned fingers on that one.

     

    did it even get to double digits?
    8 Jan 2013, 05:10 AM Reply Like
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