Yen slips as Tokyo stocks jump on renewed Abenomics hopes

Yen slips as Tokyo stocks soar

teeter on opposite ends of a seesaw, If Yen goes up Nikkei goes down (!)

Impressive stock market rally, I was expecting a continuation of the 2016 sell-off, but looks like enough money thinks that something good happened for Japan's prospects since last Friday.

However,

hopes that Prime Minister Shinzo Abe’s economic policies, such as fiscal stimulus, would progress.

Fiscal "stimulus" is not on the list of things I am hoping for, so I am skeptical that this rally will be long-lasting.

Once again we see a pro-LDP slant in every article, and I'm not just talking about Abe slanting his hand upward in all his photos.

This phrase here:

boosting hopes for more monetary stimulus

"Boosting hopes"? Surely just as many people were selling off their yen in fear of more monetary stimulus (or, to correct the LDP bias there as well, in fear of more currency devaluation).

We continually see the positive word "boost" (and today we also see "shore up") used for all kinds of LDP-desired things like consumer price levels and inflation rates. A moment's thought shows that these are not things that benefit the public one bit.

Also, there is a typo in the article:

a program known as “Abenonics”.

I only wish more members of the public had said "Abe, non!" ... but not enough of them came out to vote.

Ten gain will not continue,103.54 is a hard resistance to break,once it comes to this level it will go high again to 100 ten against Dllar,this is just as a reaction to LDP and Abe big victory,till Government reveals its new economic plan.

A moment's thought shows that these are not things that benefit the public one bit.

It depends on where you are in the public. In my case, I'm not part of the general public and class myself as a maverick among the Japanese public who needs the stimulus to fund my life style. Unless one has a say (vote) in the country of residence that would make me and my families lives better, why should anybody care . It's every man for himself. Monday it's a penny by Friday close, it may be tupence

class myself as a maverick among the Japanese public who needs the stimulus to fund my life style.

A "maverick" who needs government stimulus who needs government stimulus to "fund his lifestyle."bahaha That's your 'business acumen,' eh? you can't make this up.

A "maverick" who needs government stimulus who needs government stimulus to "fund his lifestyle.

I must have touched a nerve .

It's Monday & New york is not yet in play... let's see by the end of the day, then you can have your bahaha salary and I'll have mine.

|| Ten gain will not continue,

Nice crystal ball. Where were you 2009-2012 when I needed you.

A "maverick" who needs government stimulus who needs government stimulus to "fund his lifestyle."bahaha That's your 'business acumen,'

off topic and have misquoted me .

The real market is now in play and the Euro gaining ... while the yen weakens and not a penny stimulus in the mix yet.

Just in case, I sold a lot of yen for other currencies...I could be wrong about it getting weaker, but I don't want to risk it.

Just in case, I sold a lot of yen for other currencies.

You do what is needed in your circumstances .

renewed Abenomics hopes

I'm hopeful of the infinite arrows.

keika1628JUL. 11, 2016 - 07:45PM JST

It depends on where you are in the public. In my case, I'm not part of the general public and class myself as a maverick among the Japanese public who needs the stimulus to fund my life style.

I'm sure you do but in fact there are quite a few Japanese people that prefer relying on government largesse to standing up on their own two feet and making a proper living for themselves, e.g. construction company bosses waiting for unnecessary public works contracts, small-scale farmers, zombie business owners, etc. "Maverick" sounds cool but it's not quite the right word.

You do what is needed in your circumstances .

Others rely on tax-payer funded projects ( that have little overall value) to give them fat profits. Some embezzle money (Matsuzoe, et. al. amny others). You must do what you believe is right of course.

Now Bernanke has met Abe this month we should expect the July stimulus to be massive!!!!

More debt for the next generation......