Yen Archive

Noda Makes Consumption Tax Hike Pledge At G-20 Summit

The world’s poster child for losing decades looks to stay a step ahead: (Nikkei)–Prime Minister Yoshihiko Noda vowed Thursday to gradually raise the nation’s consumption tax to 10% by mid the 2010s during a summit meeting of the Group of 20 leading economies in Cannes, France. The announcement at the summit has ...Read More

Gvt Risks Credibility By Ignoring Yen

[Skip to the end] Buying $ is off balance sheet deficit spending and the easiest avenue politically. If anything I am surprised they let it go this far. Their history of their economic model has been to buy $ to support exports rather than cutting taxes to support domestic private sector demand. ...Read More

Re: Yen strength

[Skip to the end] (email exchange) Yes! And it’s deep- Hungarian homeowners borrowed yen to buy their homes, for just one example. And with Japan an importer of all its crude, lower prices make yen that much harder to get, much like USD. And maybe even more so. >    >   On Fri, Oct ...Read More

Dow Jones: No mof intervention

The MOF would have bought USD long ago if Paulson hadn’t gone around branding any CB a ‘currency manipulator’ and an international outlaw. The USD is in freefall and is now the major source of inflation. And maybe the Fed as seen the connection? MOF Frets Over Yen, But No Hint Of ...Read More