business

Business circles mixed about Japan's intervention amid industry shift

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There is nothing speculative about the yen’s plunge.

It is entirely a consequence of dopey policies. And now they are cluelessly trying to paper it over.

I commented recently that JT commenters collective wisdom would make better policy than the clowns in charge, and that was reinforced yesterday.

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I commented recently that JT commenters collective wisdom would make better policy than the clowns in charge, and that was reinforced yesterday.

BOJ policy does exactly what it was crafted and intended to do with the LDP/Japan Inc. combine cohorts.

Balancing the interests of asset holders with a QE basic income for the financial industry and rentier capital holders.

With the interests of Japan Inc. export based firms.

The interests of workers, small business are utterly inconsequential to them.

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Japan has not been good for over thirty years and counting.

And….

An official at a major machinery maker said a weaker yen still works to help lift earnings when overseas profits are repatriated.

Which company because the other 99% are doing JS!

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