Bank of Japan adopts 2% inflation target, open-ended easing

[Ringo33]

Here comes the sun (doo doo doo doo)
Here comes the sun, and I say
It's all right

Sun, sun, sun, here it comes


http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1249416/1/.html

[roly8]

care to explain what will happen and this action mean?

[buttercarp]

Konnichiwa!
I wanna go to Japan!

[buttercarp]

Here comes the sun (doo doo doo doo)
Here comes the sun, and I say
It's all right

Sun, sun, sun, here it comes


http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1249416/1/.html



"The Bank will pursue aggressive monetary easing ... through a virtually zero interest rate policy and purchases of financial assets," it added.


Wah, no wonder ikan bilis wants to mortgage in JPY.

[roly8]

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1249416/1/.html



Wah, no wonder ikan bilis wants to mortgage in JPY.

you mean go buy japanese property?

[joelx]

you mean go buy japanese property?

I think borrow Yen and finance SG's asset. Wait for the currency to be devalue and return the Yen and sell off SG asset. I personally think that Boj may not able to rescue their economy due to aging population (means less young ppl to buy ppty, spending) but spending on aging health care may increase even with near zero interest rate (less attractive currency). Given their close culture (Speak mainly Jap) it is very hard to attract young ppl ard the world. The only thing that can save Japan could be their R&D.

[newbie11]

Start in 2014 leh

[buttercarp]

Can someone please explain to me, please?

Presently in Japan, is the lending rate close to zero or are they going to implement the close to zero interest rate policy ?

Shinzo Abe is described as hawkish- meaning that he favours higher interest rates, tighter monetary controls and restrictive credit policy.

http://www.fxwords.com/h/hawkish.html

So I am confused :confused: .
Mabbe bro ghost, laguna, chestnut , BJ21 or anyone... care to explain please?

[Tripp]

Mabbe bro ghost, laguna, chestnut , BJ21 or anyone... care to explain please?

Oops... you just summoned our 4 heavenly kings... :D

[Pikachu1245]

Here comes the sun (doo doo doo doo)
Here comes the sun, and I say
It's all right

Sun, sun, sun, here it comes


http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1249416/1/.html

Seems like following US footsteps of printing money with very very low interest rate (aka monetary easing). Smart move. Maybe other big nations may follow suit too in future so as to make their export competitive? :beats-me-man:

[Laguna]

Japan, let me tried to recall my memory, Nikkie hit 39,000 more than 20 years ago...what happens to them from then till now?

1. This is a monetary war : lately China has boycotted Japanse products again. This is the blood history that China remembers for good. So you know what is this meant.
2. Japan is losing it competitiveness to Korea and Europe. Just take a look of cars and home appliances market.
3. Japan is one of the heaviest in-debtness country in the world, much worst than USA, in term of % to GDP. Very huge internal debt
4. Not a single Prime Minister can last....
5. Economy is too close...and quite self sufficient
6. Yen can be easily "manipulated"...
7. Too many rounds of QE, countless, and the money flow out....
8. ageing population, low birth rate...

Even, Nikkie has stablised in a range trade, I don't expect a breakup

[star]

I think borrow Yen and finance SG's asset. Wait for the currency to be devalue and return the Yen and sell off SG asset. I personally think that Boj may not able to rescue their economy due to aging population (means less young ppl to buy ppty, spending) but spending on aging health care may increase even with near zero interest rate (less attractive currency). Given their close culture (Speak mainly Jap) it is very hard to attract young ppl ard the world. The only thing that can save Japan could be their R&D.

Hi everyone, this will be the fate for Singapore if we are close culture (don't import foreigners and singaporean only mindset). All die pain pain in future like japan.

[azeoprop]

Seems like following US footsteps of printing money with very very low interest rate (aka monetary easing). Smart move. Maybe other big nations may follow suit too in future so as to make their export competitive? :beats-me-man:

Oh dear, every major economy in the world doing monetary easing programs to get out of trouble. :doh: Basically all their debts inflated away.

[DKSG]

Oh dear, every major economy in the world doing monetary easing programs to get out of trouble. :doh: Basically all their debts inflated away.

Like Office Boy mentioned many many times...

The world id trying to inflate their problems away and the effects it has on us is tons of cold hard cash is coming our way. Thats why I have been asking u guys to sit tight, hold property tight tight.

U think you are the only who knows how to borrow JPY or USD to buy Sg properties?

U know currently how many $x00 million funds are lining up outside Sg waiting to crash in ? Just visit Alexandra Central and you will know. Some of these innocent looking uncles have funds behind them one.

Ok la! Thats all Office Boy can tell u. The rest is up to you guys to experience it.

DKSG

[roly8]

Like Office Boy mentioned many many times...

The world id trying to inflate their problems away and the effects it has on us is tons of cold hard cash is coming our way. Thats why I have been asking u guys to sit tight, hold property tight tight.

U think you are the only who knows how to borrow JPY or USD to buy Sg properties?

U know currently how many $x00 million funds are lining up outside Sg waiting to crash in ? Just visit Alexandra Central and you will know. Some of these innocent looking uncles have funds behind them one.

Ok la! Thats all Office Boy can tell u. The rest is up to you guys to experience it.

DKSG

these uncle really very rich?

[stl67]

Hi everyone, this will be the fate for Singapore if we are close culture (don't import foreigners and singaporean only mindset). All die pain pain in future like japan.

I agree that we need population increase to sustain the economy and I also wonder when willl this stop. Does it mean that the population is always increasing so that we will not be like Japan?

[Rosy]

I agree that we need population increase to sustain the economy and I also wonder when willl this stop. Does it mean that the population is always increasing so that we will not be like Japan?
I am afraid this is the only solution for Singapore as there is no natural resources. However, increasing population must go hand in hand with productivity.

[hyenergix]

I am afraid this is the only solution for Singapore as there is no natural resources. However, increasing population must go hand in hand with productivity.

Singapore's way out of economic downturn is not to print currency, but to print pink and blue NRICs.

[RCT]

It seems that BOJ does not really agreed with the new prime minister regarding deflating their currency.... Anyone know what is the reason for BOJ liking of deflation? Political? Foreign Power intervention?

[newbie11]

Just visit Alexandra Central and you will know. Some of these innocent looking uncles have funds behind them one.

Ok la! Thats all Office Boy can tell u. The rest is up to you guys to experience it.

DKSG
Quite a few agents bought to speculate too..

[phantom_opera]

The Joy Luck Club

Yen Carry Trade will help Dow scale 14,000 technical resistance


Yen/Dollar 93.81-.82 +1.62 02/06 11:08
nikkei up 300+ points

[phantom_opera]

Japan logs worst January trade deficit of $22b on higher fuel costs

LV increased price by 12% in Japan

No free lunch ...:tsk-tsk:

[eng81157]

now where was the other hare-brained (was it vincegoh) that claim there is no currency war threat?

wahahahahahaha

[phantom_opera]

really insane 10Y JGB yield drops to 0.54%

Japan bond prices near all-time high
BoJ governor vows to broaden scale of asset purchases :doh:

Exactly copy what US Fed is doing :cheers2:

[princess_morbucks]

really insane 10Y JGB yield drops to 0.54%

Japan bond prices near all-time high
BoJ governor vows to broaden scale of asset purchases :doh:

Exactly copy what US Fed is doing :cheers2:

What does it mean?
Does it mean that the Japanese economy is improving ?

[phantom_opera]

What does it mean?
Does it mean that the Japanese economy is improving ?

fairy tale economy :p

[phantom_opera]

BOJ To Double Monetary Base Over Next Two Years

The bank said it wanted to boost the monetary base -- the amount of currency in circulation including commercial bank deposits in BoJ reserves -- by 60-70 trillion yen ($630-$725 billion) annually to 270 trillion yen by the end of 2014. :scared-1:

Market players lapped up the moves.

The news sent the dollar surging against the Japanese currency to sit at 95.46 yen by mid afternoon, against 92.71 in the morning.
The country's stock markets also saw a severe reversal. The Nikkei closed 2.20 percent higher at 12,634.54, having been down about 2.3 percent in the morning -- representing a whopping 558 point turnaround.
Also, the yield on 10-year Japanese government bonds sank to an all-time low of 0.425 percent.

[phantom_opera]

X2 money supply in 2y really really powerful

TOKYO - Tokyo stocks surged 2.80 per cent to close at its highest level in more than four years on Monday as a further drop in the yen's value ignited buying of exporters' shares.
The benchmark Nikkei 225 index gained 358.95 points to 13,192.59, while the Topix index of all first-section shares rose 3.33 per cent, or 35.50 points, to 1,101.74.

[phantom_opera]

Kuroda is the man :cheers5:

Nikkei 225 13,568.37
+251.89 ( +1.89%)

[phantom_opera]

Nikkei up 3% to 14,607

Yen finally breached 100 yen per USD resistance

http://www.nikkei.co.jp/gifdata/yen_chart_L.gif

unstoppable

[phantom_opera]

most wonderful graph of the year

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130509_NKY3_0.jpg

[phantom_opera]

art of perfection

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130509_NKY4_0.jpg

[azeoprop]

Now S$1 = 82Yen !!

Time for a summer holiday in Japan! :cheers4:

[teddybear]

Can wait some more? May be we can see S$1 = 120 Yen? :p



Now S$1 = 82Yen !!

Time for a summer holiday in Japan! :cheers4:

[phantom_opera]

wait till 1 SGD = 100 yen

N225 fairy tale rally continues:

14,782.21
+174.67 ( +1.20%)

Yen reaching 102 YEN per USD

[phantom_opera]

15,3xx

Will the Nikkei ever reach its 1989 highs near 39,000?
“The only way I could see 40,000 or even 100,000 on the Nikkei is really massive money printing,” says Faber. “As a result of massive money printing, the yen goes down and the bond market in Japan collapses. This would force the Bank of Japan to monetize even more because as interest rates go up on the Japanese debt, it becomes a burden on the Japanese government to pay the interest on the debt. So, it would have to be met by more money printing and that would lead to more yen weakness.”
They don't call him Dr. Doom for nothing