- QE appears to be exerting its initial purpose
Just out on rtrs and nothing new
USDJPY 102.52 as Nikkei climbs off its lows and rises again to 15059.84
Add:
- Capex holds key to increasing Japan’s productivity
- long-term interest rate rises that reflect improvement in economy/prices wont inflict severe damage on recovery
- wage rises from labour shortage not sustainable
- see Japanese exports improving gradually
