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No plan to buy foreign bonds for monetary easing, Aso saysTOKYO
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So Japan was caught with their hand in the cookie jar and now claim that they never will do what they were just doing?
Prime Minister Shinzo Abe, his advisers and some members of the Bank of Japan’s policy board have floated the idea since last year,
“I have no intention of doing this as a method to ease monetary policy,” Aso said,
So stop floating stuff you don't intend to do and go to work.
- what Abe said is denied by Aso 2. The govt intends to revise BOJ Law. ...and the end result will be....?
all countries are says they wont make it a currency war when really they are all plotting how they can get there currencies down without attracting too much attention. SK UK did it over the course of the last three years, now Japan has jumped in they are all crying foul!? bunch of hypocritical morons
"Aso’s comments seemed intended to moderate the tone of the debate - only on Monday Abe said buying foreign bonds was a monetary option."
Flip-flop flip-flop flip-flop.
When a person becomes an elected government official, there are choices and decisions that come with the position. The old adages still applies, "Dammed if you do and dammed if you don't" and "You can't please all the people all of the time and you can please some of the people some of the time." Abe got the votes to be in the position now. Next election, the people who can vote for change, will. Writing to an elected official with complaints and ideas is still the best option to be heard.
no, just foreign energy, gas, oil ..that should help balance the books...
It's funny how some foreign press/politicians try to spin as if the yen was wow shock horror historical so LOW compared to other currencies recently by showing only a graph for the last year for the yen ( eg BBC). look yourself and show a graph from the last decade (pre financial crisis which was created by financial institutions, not manufacturers of real things) and you can see the yen shifted from extremely HIGH to not so extremely HIGH, but still very HIGH.
Just countries in Europe are scared of Japanese goods becoming cheaper mainly as the competition would be tricky for them. They prefer the handy status quo where they can control again indirectly via financial institutions buying safe Japanese yen pushing up prices of Japanese goods internationally; handy again as their manufacturing industries aren't as good on equal price basis.
So recessions started by reckless financial institutions are good for financials not manufacturing based countries.