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Japan Goes Full Bernanke (Japanese Yields Fall, Dow Sputters)
Confounded Interest ^ | 02/25/2013 | Anthony B. Sanders

Posted on 02/25/2013 4:50:19 PM PST by whitedog57

Japan goes full Bernanke and will probably pick a monetary dove as Bank of Japan governor while sequestration remains in play in the USA.

Feb. 25 (Bloomberg) — Japan’s five-year note yields slid to an all-time low as the government neared a decision on who will run the central bank and expand monetary easing measures. Ten-year yields slid to a two-month low while the yen fell against all its major peers. Prime Minister Shinzo Abe is likely to nominate Asian Development Bank President Haruhiko Kuroda as Bank of Japan governor and Kikuo Iwata as a deputy at the central bank, according to a government official with knowledge of the discussions.

“Bond investors are expecting the BOJ to increase government-debt purchases regardless of who becomes the next BOJ governor,” said Toru Yamamoto, the chief strategist at Daiwa Securities Co. “Kikuo Iwata is seen as aggressive toward monetary easing.”

US 10 year Treasury yields fell -10 basis points and Japan’s 10 year fell -2.2 basis points.

The larger decline in the US Treasury yield curve can be seen versus Japan’s yield curve over the past day.

And the Dow Jones Industrial Average fell -216.40 today while the Nikkei rose +276.58.

While the Japanese Yen fell and months of devaluation.

Japan went full Bernanke, man. Never go full Bernanke.

TOPICS: Business/Economy; Government; Politics
KEYWORDS: bernanke; bonds; fed; japan
Never go full Bernanke!!!!!
1 posted on 02/25/2013 4:50:25 PM PST by whitedog57
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To: whitedog57

Fatten the funny money to “avoid risk” (fattening irony there). LOL! They’ll prop up the USD, until truly productive US activity and imports cease completely.

2 posted on 02/25/2013 6:26:01 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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