The DPJ will request more than JPY 90 trln for its first budget. The put things in perspective the 2009/10 budget was something like JPY 47 bln.
All that new domestic borrowing will make it tough to have much left over JPY to invest overseas…Makes the US look positively frugal…
USD/JPY trades at 89.35. Next support for the buck is at 89.15/90.
