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Thread: Bank of Japan green lights new $119B stimulus

  1. #1
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    Default Bank of Japan green lights new $119B stimulus

    THE WHOLE WORLD HAS GONE LIQUIDITY CRAZY!!!!

    Hong Kong (CNN) -- In a unanimous decision, the board of Japan's central bank voted to unleash 10 trillion yen, or nearly $119 billion, in a new monetary stimulus Thursday -- a widely-expected move to help Asia's second-largest economy combat chronic deflation.
    The Bank of Japan's latest round of monetary easing, which comes after a two-day policy meeting, means a total of 101 trillion yen, or $1.2 trillion, have been poured into the country's asset-purchase and loan programs.
    In a statement, the BOJ said it "recognizes that Japan's economy faces the critical challenge of overcoming deflation as early as possible and returning to the sustainable growth path with price stability. This challenge will be met through the combination of efforts by a wide range of economic agents to strengthen the economy's growth potential and support from the financial side."
    The Bank of Japan added it would also review its current inflation goal, which currently stands at 1%.
    Shinzo Abe, the leader of Japan's Liberal Democratic Party, has strongly called for a 2% inflation target. Abe, a conservative whose party won landslide parliamentary elections last week, is widely expected to be named prime minister on December 26 after serving one year in the position from 2006 to 2007. He has also put Bank of Japan governor Masaaki Shirakawa on notice that he wants to replace him with someone who will aggressively work to achieve a 2% inflation goal, according to Japanese media reports.
    Shirakwawa's five-year term ends in April.
    In the run-up to last weekend's parliamentary elections, Abe had campaigned for his party on a platform advocating unlimited monetary easing to jump-start the economy. From mid-November through election day, investors betting on an Abe administration had pushed the Tokyo Nikkei up nearly 12.5%.
    But many in Japan are concerned that consistent monetary easing -- with Thursday's injection being the third boost in four months -- "might be a nice short-term fix," according to CNN's Tokyo correspondent Alex Zolbert.
    He added that Japan needs "long-term structural reforms" that address overhauling the pension system, health care and Japan's once-profitable corporate giants like Sony and Panasonic, which hemorrhaged a combined $20 billion in their last fiscal years.

  2. #2
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    Yawn, Bernanke is 85b per month open ended, yawn
    Ride at your own risk !!!

  3. #3
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    China? EU?

  4. #4
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    日本东京日经225指数收报10230.36点,涨150.24点或1.41%

    Market believes in Abe's 2% inflation targeting now ... be prepared for trillion of dollars easing in Japan
    Ride at your own risk !!!

  5. #5
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    Quote Originally Posted by phantom_opera
    日本东京日经225指数收报10230.36点,涨150.24点或1.41%

    Market believes in Abe's 2% inflation targeting now ... be prepared for trillion of dollars easing in Japan
    $1 sing hitting close to 70 yen now.. more money printing ftw

  6. #6
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    2013 will be an exciting year.
    Quote Originally Posted by dtrax
    $1 sing hitting close to 70 yen now.. more money printing ftw

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    Default Japan money printing expectation growing

    The Nikkei advanced 0.9 percent to 10,412.73 in mid-morning of its last trading day of the year, touching its highest level since March 11, 2011 and shrugging off a slump in Japan's factory output in November.

    "We expect the yen to hit 90, and the Nikkei to reach 11,000 as early as late January or early February," said Shun Maruyama, chief Japan equity strategist at BNP Paribas.

    => be prepared for trillion dollar printing
    Ride at your own risk !!!

  8. #8
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    Quote Originally Posted by phantom_opera
    The Nikkei advanced 0.9 percent to 10,412.73 in mid-morning of its last trading day of the year, touching its highest level since March 11, 2011 and shrugging off a slump in Japan's factory output in November.

    "We expect the yen to hit 90, and the Nikkei to reach 11,000 as early as late January or early February," said Shun Maruyama, chief Japan equity strategist at BNP Paribas.

    => be prepared for trillion dollar printing
    What is wealth nowadays?
    1. Money they keep printing
    2. Property you can buy, but dare not sell
    3. Shares too many creative accounting
    4. Gold such a crowded market now

    Hell...I am buying farmland to grow my own food and cows.

  9. #9
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    Quote Originally Posted by indomie
    What is wealth nowadays?
    1. Money they keep printing
    2. Property you can buy, but dare not sell
    3. Shares too many creative accounting
    4. Gold such a crowded market now

    Hell...I am buying farmland to grow my own food and cows.
    Share just look at SC Global ... can go to $2 can crash to 20cents
    Ride at your own risk !!!

  10. #10
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    Quote Originally Posted by indomie
    What is wealth nowadays?
    1. Money they keep printing
    2. Property you can buy, but dare not sell
    3. Shares too many creative accounting
    4. Gold such a crowded market now

    Hell...I am buying farmland to grow my own food and cows.
    B careful of mad cow disease.

  11. #11
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    Nice concise summary of why Japan Debt is unsustainable. But it seems as long as Govt is willing to print money and somehow nations are buying into them, then it is alright..

    http://youtu.be/HtEw2FdVe_0

  12. #12
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    Keep an eye on S Korea. They could be next.

  13. #13
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    http://www.nationaldebtclocks.org/debtclock/japan

    Japan's garmen's debt was 1,033,622,432,749,986 seconds ago
    Ride at your own risk !!!

  14. #14
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    There is no way out for japan. The sooner they crash , the sooner their JGB yield increase. No more cheap loan, the deeper into debt hell they get.

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    Quote Originally Posted by indomie
    There is no way out for japan. The sooner they crash , the sooner their JGB yield increase. No more cheap loan, the deeper into debt hell they get.
    well said .. either bond holders die or exporters die ... Abe obviously probiz
    Ride at your own risk !!!

  16. #16
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    Japan really need a world war 3 to get back to its feet. But with their new generation of weirdos and pussies, I don't think it going to happen.

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    The Nikkei 225 in Tokyo gained 1.4 percent to 10,801.45 following Abe's announcement of an anti-recession stimulus package of more than 20 trillion yen ($224 billion) that is intended to add 2 percent to Japan's real growth.

    => great, only equals to 224b / 85b = 3 months worth of American QE ...

    This is called The Empire's Strike Back
    Ride at your own risk !!!

  18. #18
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    They also got bazooka to fire.

  19. #19
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    from 8,500 to 10,800 in a few months ... just 118 + 224b + promise to gen 2% inflation ..

    if this works, I can bet every single nation in the world that is having zero growth or deflation will do the same ... it will be a very scary picture
    Ride at your own risk !!!

  20. #20
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    Japan stocks at highest since April 2010
    Japan's stock market closed at its highest level since April 2010 on Tuesday, buoyed by a weaker yen and major stimulus measures to help the country's struggling economy.Other Asian markets surrendered ...
    Ride at your own risk !!!

  21. #21
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    *BOJ MAY PLEDGE OPEN-ENDED ASSET BUYING, REUTERS REPORTS

    Ride at your own risk !!!

  22. #22
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    what are the possible implications?




    Quote Originally Posted by phantom_opera
    *BOJ MAY PLEDGE OPEN-ENDED ASSET BUYING, REUTERS REPORTS


  23. #23
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    I am starting to hear the term funding currency being casually used all over again.

  24. #24
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    Abe will be remembered in the history of favoring exporters over retirees

    Nikkei 225 10,842.24
    +232.60 ( +2.19%)

    Yen / dollar 89.78
    Ride at your own risk !!!

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