BOJ 2

FOCUS ON INFLATION TARGET IN JAPAN AND JAPAN’S TRADE DEFICIT.

 

IN AN EFFORT TO END DECADES OF DEFLATION THE BANK OF JAPAN DOUBLED ITS INFLATION TARGET TO 2%.

THE CENTRAL BANK MADE AN « OPEN-ENDED » PLEDGE TO BUY UNLIMITED AMOUNTS OF SHORT-TERM GOVERNMENT DEBT TO ACHIEVE ITS GOAL, STARTING NEXT YEAR.

AS REPORTED BY THE ECONOMIST ON JANUARY 26TH 2013 « THE MOVE COMES AFTER INTENSE PRESSURE FROM JAPAN’S NEW PRIME MINISTER, SHINZO ABE, FOR THE BOJ TO DO MORE FOR THE « REAL ECONOMY ».

STILL FROM THGE ECONOMIST IT IS OUR UNDERSTANDING THAT JAPAN’S TRADE DEFICIT IN 2012 WAS THE LARGEST ON RECORD.

THE BOJ’S MOVE IS SEEN BY SOME AS AN ATTEMPT TO WEAKEN THE YEN AND BOOST JAPANESE EXPORTS, RAISING EXPECTATIONS OF ANOTHER « CURRENCY WAR » BETWEEN THE YEN, THE USDOLLAR AND THE EURO.

PHLDUCX

MORE ON JAPAN IN THE DIPLOMATIQUE LETTER :

  1. http://www.lalettrediplomatique.fr/contribution_detail.php?id=51&idrub=250&idrubprod=1072
  2. http://www.lalettrediplomatique.fr/

  1. http://www.off-the-recordmessaging.com/advanced-corporate-finance-and-investment-banking-seminars-with-dr-phil-h-latimier-du-clesieux
  2. http://www.off-the-recordmessaging.com/new-venture-creation-and-financial-brand-management-are-you-ready-to-invent-the-next-great-quality-brand