LDP calls for setting 2% inflation target with BOJ

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LDP releases policy platform ahead of Dec 16 election.

  • Calls for BOJ cooperation in seeking drastic easing
  • LDP to consider setting up fund to buy foreign bonds
  • Pledges economic stimulus soon after taking power
  • Pledges to pass large-scale extra budget
  • Pledges to increase defence spending, military personnel
  • Considers putting officials on islands disputed with China (OH DEAR)
  • May change constitution to assert right of self defense
  • Aims to achieve primary balance surplus by 2020
  • Considering variable sales tax rates for lower income group
  • To cut welfare payment by 10%
  • Corporate tax rates must be cut significantly
  • Won’t join TPP if required to abolish all tariffs

USD/JPY has continued its’ sojourn higher, presently at 81.90 having been as high as 81.97.  Barrier option well-touted at 82.00.

2012-11-21T06:21:37+0000

All|Economic Data|Europe|Regions

BOJ|Japan|japan economy|USD/JPY

Gerry Davies

5 Comments

  1. missed yen above :) any thoughts on yen please?

  2. Well these guys are really trying the patience of Panda, Economic bitchslap to follow…

  3. Hey everybody, look at the GBP/JPY now. Those last eleven 5 minute candles are technical trading much of it programmed. Price is hugging the rescending trendline from the 3:30 high. Price is failing. The 4 hr and Daily are exhausted. Morte up will happen later thanks to the systematice Yen devaluation and the Brittish Pound loves stomping on the Yen lately. whoops, there it goes

  4. Wish I had spell check. Too many Bottingtons.

  5. I see $50 million bid orders in USD/JPY flying around on EBS like somebody switched on the accelerator of a Ferrari 612…..

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