To: Palladin
Giving a breathing room for Japanese economy/industry. High Yen leads to falling export and rising import price.
4 posted on
03/17/2011 8:29:55 PM PDT by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
I hope it helps. The disaster is a huge blow to the Japanese economy.
6 posted on
03/17/2011 8:35:52 PM PDT by
Palladin
(Obama, Ayers, Dohrn, Trumka: birds of a feather.)
To: TigerLikesRooster
Also prevents a potential market driven rise in interest rates in Japan if the Yen continued to surge - and with their debt (though internally held) it could have impacted them greatly.
I could be wrong about this as i sometimes get it backwards when forex is driving it instead of paper demand or govt printing.
9 posted on
03/17/2011 8:44:41 PM PDT by
reed13
To: TigerLikesRooster
Also craters the carry trade here in the US.
But that’s not something the BOJ should be supporting.
14 posted on
03/17/2011 9:24:04 PM PDT by
NVDave
To: TigerLikesRooster
Correction: leads to falling export and rising import price.
16 posted on
03/19/2011 4:19:09 AM PDT by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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