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The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a...

The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a 2% inflation target and starting open-ended purchases of ¥2T/month in government bonds and ¥10T/month in T-bills starting in January 2014. The yen sinks, with a dollar buying ¥89.8 from an earlier ¥89.4.
Comments (4)
  • and its time to reverse the trade!
    21 Jan 2013, 11:12 PM Reply Like
  • Falling now
    21 Jan 2013, 11:18 PM Reply Like
  • They have been easing since 1989, when their Housing Bubble Popped. Now their stock market is down 88% from 1989. Easing to protect the Old Debt and Asset Prices does not do the trick. They need to take the pain and make money more expensive. That is what the whole world needs.
    22 Jan 2013, 04:14 AM Reply Like
  • That makes too much sense and therefore will not be done. However much of the debt is related to the Yakuza, hence the inaction till this time. What can a central banker do in the face of politicians and their henchmen?
    22 Jan 2013, 09:15 AM Reply Like
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