The long-brewing funding scandal in the ruling DPJ may be coming to a head with traders reporting rumors that arrests have been made of people close to party leader Ozawa. Here is some background on the scandal. USD/JPY has gone … Continue reading
BOJ to make utmost efforts to avoid deflationary spiral BOJ needs government cooperation to ensure deflationary spiral averted
Hedge funds have been big sellers of JPY in recent weeks (with mixed luck) as the case is made that Japan faces a debt crisis in the not too distant future. The FT sees the doom and gloom as misplaced, … Continue reading
Japan will eventually have to default on its debt and devalue its currency owing to its shrinking population and decades of public spending making up for private sector contraction says hedge fund manager Kyle Bass, who made billions in the … Continue reading
USD/JPY sits at 93.15, seeing fairly calm trade early on in Europe. Talk of buy orders down at 93.00/10 with stops seen through 92.90. Japanese PM Hatoyama says “the government, at least as far as I am concerned, basically has … Continue reading
Japan fiscal reform basically depends on boosting demand Should review budget in view of fact cash reserves in special accounts are limited Must work with BOJ to bring yen to appropriate levels Many Japanese firms in favour of USD/JPY at … Continue reading
New Japanese Finance Minister Kan is to give a press conference at 06:30 GMT.
The new Japanese national strategy minister seems to be trying to convince the market that the Japanese government is going to be fiscally responsible, if a little down the road. USD/JPY sits at 92.40, aforementioned sell orders at 92.50 having capped … Continue reading