Announced on April 4 but effects have not been felt, yet. Injection of $58 billion cash every month for the next two years (24 months x $58.3B = $1.4T) will get Japan’s economy moving and should increase demand for ree, in time.
“Japan’s central bank has promised to unleash a massive programme of quantitative easing – worth $1.4tn (£923bn) that will double the country's money supply – in a drastic bid to restore the economy to health and banish the deflation that has dogged the country for more than a decade”. http://www.guardian.co.uk/business/2013/apr/04/japan-quantitative-easing-70bn
Lynas sp popped to upper 50’s on election results. SP will go below that first day pop only if the election is overturned, IMO. The de-risking event remains intact. The sp move related to it (pop to upper 50's) will, also.
What next to move sp? Several possibilities not the least of which is return of demand and pricing for ree due to Japan’s QE. It takes awhile for QE to have an effect but it will have an effect.
LYC Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
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