Opps i mean decline WOW look at the Yen go! They have gone full speed with their printing. US need to speed up printing on their end now.
Kyle Bass recently said that investing in Japan at this point in time is like picking pennies up in front of a steam roller.. for memory their debt is something like 14x their gross domestic product... that's truly outrageous.
japanese companies are making more sales because of the weaker yen .. It might help the economy in the long term Seen something on it yesterday on cnn i think they said panasonic ?shares went up double digits withf the sales & profits because of the lower yen
The new prime minster seems to really be making an effort this time to get the Japanese economy going and allow their companies to fight against the Korean and Chinese dominance. Will be interesting to see where he goes from here... I am reading a lot of positives coming from it in Japan.
The new Japanese PM seems to be really making an effort to print money, it is government interference of the highest order. Will be interesting to see where this goes as Japanese manufacturers rely on cheap labour overseas for many of their products. I am reading a lot of negatives coming out from it. :/ Source: http://www.guildinvestment.com/2013/01/24/new-investment-recommendation-this-week-and-much-more/
2 sides to every coin as they say... I guess I am also reading the news in Japanese.. so perhaps there is a different spin coming out of that...
The more I look at that chart the more interesting it gets. Took me a while to figure out why there was no A$ axis though.
WOW Japan are going full speed with there printing now! USD/JPY is at almost 96 now! The Nikkei has risen about 40% in 4 months!! this is crazy. Looks like Japans issues are really starting to hit hard. The fed has to print faster to keep up. 2013 looks like its going to be a very inflationary year.
Looks like the USD/JPY is going to fall back down below 100. All that hard work for nothing. Poor Abe, can't seem to get Abenomics off the ground. Well like they say, if you get knocked down you got to get up again. Round 3 fight/print!