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It's a true "regime change" at the BOJ, says Citigroup, commenting on the central bank's new...

It's a true "regime change" at the BOJ, says Citigroup, commenting on the central bank's new easing measures overnight. Gone is any hint of concern about monetizing government paper, and up next may be additional stimulus in the form of equity purchases and loans to small and medium-sized enterprises. The yen (FXY -3.6%) continues a whopper of a move lower, the dollar now at a session-high ¥96.38. The currency-hedged Japan stock ETF (DXJ) gains 7.5% vs. the unhedged EWJ +3.8%.
Comments (4)
  • This new guy is from the Bernanke/Krugman/Yellin School of Neo-Keynesian money printing. But, if you listened to some "experts" on Seeking Alpha there's no currency wars? lol
    4 Apr 2013, 02:40 PM Reply Like
  • Wow, that was a what 5% move?
    4 Apr 2013, 03:16 PM Reply Like
  • The central planners in Japan want a much more devalued Yen against the US Dollar.
    4 Apr 2013, 03:26 PM Reply Like
  • Nippon, has a similar political problem as the USA, two long established parties, which are basically caricature of each other..

     

    Garage in, garage out...
    4 Apr 2013, 04:17 PM Reply Like
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