The timetable and expected run of events leading up to the decision on the Yuan's inclusion also took a radical turn. China was told 'not now ... maybe later ... after we review it ... yadda yadda yadda'. Where is there any incentive for China, in that, to exercise restraint?
Japan has been eating China's noodles ever since Kuroda went the full monty ... ZeroHedge is crowing about this recent move by China, as they have been predicting it for months ... which means, actually, that the only thing which might have surprised people is .... the timing of it.
For the US, Japan and the EU money printing is the only option on the menu .... still .... and .... served on a golden platter.
Meanwhile, China will certainly keep to the course it has already mapped out ... its own version of the IMF, its own version of the World Bank and a tightly knit trading bloc using its own currency as the lubricant. Never mind that China has devalued ... nobody is going to stop doing business with them, the number 2 economy and gaining all the time on the top spot.
