The Bank of Japan raised the rate to 0.5% as expected and may increase it to 0.75% in July, following wage negotiation outcomes.| Oxford Economics
On 14 October 2008, the BOJ entered the bailout arena in full force with its “Introduction of Measures regarding Money Market Operations to Ensure Stability in Financial Markets.” Among the four “temporary” initiatives announced, the last one was the most crucial one… and remains the most crucial one today. “Expansion...| JustDario
I wonder why not many people are currently asking themselves a very simple question: “Who lost money in #Japan’s stock market crash between Friday and Monday?” One very peculiar thing about the 1987 crash is that many brokerages went bust. So how is it possible that Japan suffered a stock...| JustDario
This week #FED and #BOJ have a lot to lose and very little to gain, a situation they put themselves into and that nobody tried to stop them from falling into. The money printer made so many people happy since the aftermath of the GFC, no motivation for anyone getting...| JustDario
“Higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.” This is how on the 5th of November 2010 the almighty Ben Bernanke himself was...| JustDario
Today, #Norinchukin Bank is starting to be less of an obscure name compared to more than 7 months ago when the #FED quietly added it to the list of counterparts eligible to access the standing Repo Facility the central bank established with the purpose of dealing with emergency liquidity shortfalls...| JustDario
Three months ago, in “Why a Historical $JPY Currency Crisis Is at the Doorstep of Japan”, we discussed the precarious state of the Japanese yen (#JPY). Considering the volume of JPY printed, the size of Japan’s economy, and its foreign reserves, the yen should have been trading at 298 against...| JustDario