Japanese officals at least plant a seed of doubt

The almost comedic performance of the new Japanese government regarding the value of the JPY has succeeded on one score: It has planted a seed of doubt in the market’s mind over what they are going to do. Hell, even they don’t know. How could the market?

There have been all manner of statements from a variety of ministers, some retracted. The Prime minister should have the final word, and he calls for swift action.