Yen on the rise!

leo25

leo25

Well-Known Member
Silver Stacker
Opps i mean decline :P
WOW look at the Yen go! They have gone full speed with their printing. US need to speed up printing on their end now.

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Haha, sucked me in good and proper with that heading :)

Like the economics equivalent of a Rick Roll
 
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
 
Caput Lupinum said:
Does anyone know when the last time the Aussie dollar was at parity with the Yen?
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It never was 1 for 1, but if you mean 100Y for 100cents then it was 2008.
 
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.
 
skipau said:
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.
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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. :/

Japan's Liquidity-Pumping Impacts the Entire Investment World

Events in Japan this week will impact global investing. The Bank of Japan announced on Tuesday of this week that it will work to achieve a 2 percent inflation rate to reverse the deflation/stagnation trends of the last 20 years. The bank will also make an "open ended" pledge to buy a potentially unlimited amount of government bonds to stimulate the Japanese economy. The bank also moved this week to increase the QE that is currently being undertaken in Japan by a substantial amount, beginning in 2014. At that time (we project that) Japanese stimulus will rise to13 trillion yen (147 billion U.S. dollars) per month. This is an immense amount of liquidity pumping for any economy. Obviously, Japan wants to lower the yen and get real estate and stock market prices rising again, stimulate economic growth, and reverse the negative trends afflicting its economy. Recently, several prominent economists have raised their predictions for Japanese GDP growth in 2013.
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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...
 
Peter Schiff explains The Yen

[youtube]http://www.youtube.com/watch?v=ZmvzCssGW8A[/youtube]
 
http://www.nytimes.com/2013/02/06/b...tral-bank-chief-to-step-down-early.html?_r=1&

The governor of the Japanese central bank, Masaaki Shirakawa, said on Tuesday that he had offered to step down on March 19, three weeks before the end of his term, under intense government pressure on the bank to take bolder steps to resuscitate the deflationary economy.
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Kazuhiro Nogi/Agence France-Presse Getty Images

Masaaki Shirakawa, the governor of the Bank of Japan, said on Tuesday that he had suggested stepping down on March 19.

Prime Minister Shinzo Abe is expected to replace Mr. Shirakawa, who has long preached caution on monetary policy, with a successor who is more open to printing money, stoking inflation and bringing an end to the falling prices that have weighed on Japan.

During his five-year term, Mr. Shirakawa resisted calls from successive governments to be more aggressive, warning that loose money would only lead to unchecked government spending and runaway inflation. Mr. Shirakawa also argued that the government, not the Bank of Japan, needed to do more to encourage economic growth through structural reforms and other growth policies.

Since late last year, Mr. Abe has taken the bank to task, singling out its tepid monetary policies as the root of Japan's economic woes. He successfully campaigned on a bolder monetary agenda ahead of nationwide elections in December, arguing that the central bank needed to set an inflation target of 2 to 3 percent. The strategy resulted in a decisive victory for his Liberal Democratic Party.

Markets cheered Mr. Abe's monetary drive. The Nikkei 225-share index has surged almost 30 percent since mid-November, and the yen has weakened by 15 percent, an advantage for Japanese exporters.

Mr. Shirakawa has found it increasingly difficult to hold his ground. In January, the bank agreed to issue a rare joint statement with the government that laid out a target for 2 percent inflation. It also agreed to pursue unlimited monetary easing through an asset purchase program until that target was met. Japan has been enduring deflation, or falling prices, since the late 1990s.

But some economists have said that Mr. Shirakawa's policies remained too timid and that unless the Bank of Japan were even more aggressive, 2 percent inflation would prove to be an elusive target. The bank needed to expand its asset purchase program, now at about 101 trillion yen, or about $1.01 trillion, by a much bigger amount, the economists have said, and needed to step up its purchases of a wider range of assets including longer-term government bonds.

"After three five-year terms of dyed-in-the-wool conservatives, the Bank of Japan is finally likely to have a governor who is prepared to use the monetary armory at his disposal," Nicholas Smith, Japan strategist at CLSA Asia-Pacific Markets, said in a note.

Even using tougher language than the soft-spoken Mr. Shirakawa would help, Mr. Smith said. "The more you do with threatening rhetoric, the less you have to do with real money," he said.
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Emphasis is mine
 
mmm....shiney! said:
^ that's the article I was looking for!!!!! :)
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Thank Mr Sinclair
http://www.jsmineset.com/
Jim Sinclair's Commentary

Here is a great victory for international "QE to infinity" and the end of the world as you knew it economically.

This is a world class event if you understand it. Few do now, but everyone will.

"During his five-year term, Mr. Shirakawa resisted calls from successive governments to be more aggressive, warning that loose money would only lead to unchecked government spending and runaway inflation. "
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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!
 
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