Hedge fund manager Kyle Bass — who is deep underwater in GM shares — was on CNBC earlier today talking his book.
He said that at the Bank of Japan meeting on October 30 that Kuroda will have his “Draghi moment” and say he will do whatever it takes to get inflation to 2%.
He likes the US dollar and said he believes USD/JPY will be at 120 in 12 months.
He’s not the only one to say that and there’s no reason to think Kuroda will make that move now but it’s an interesting view.
