Posts Tagged ‘German gold audit’

Notes From Underground: Japan’s BOJ … Seize the Day

October 28, 2012

Monday night the BOJ will announce its newest and latest effort to stimulate the economy and most importantly try to undertake some genuine measures to weaken the YEN. The Japanese economy is suffering under the weight of an overvalued YEN. The YEN was only a minor problem when the global economy was experiencing strong growth but with the BRICs¬†slowing and EUROPE on the cusp of a major recession, the Japanese policy makers have to confront the YEN head on–time is not on their side. The time for the BOJ and Ministry of Finance is now for the market is wanting to be SHORT YEN so if the Japanese policy makers can seize the day and invoke some type of foreign bond buying scheme the currency markets will do the heavy lifting for the BOJ/MOF.

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