on the jpyen, page-3

A little perspective ....

On the Yen, and the fickle nature of global economics as has been reported over the last 5 years -

:quote: Cost of Japan quake may top $200 bln

Is that all? The US Fed Res is spending $600Bn this year alone in buying US Treasuries in order to try and stimulate it;s own growth - without any natural disaster.

The May2010 flash crash wiped off several multiples of $200Bn in less than 2 hours!! Reportedly close to $1 trillion in market capitalisation.

So people had better understand the BS dynamics being expoused by financial commentators everywhere. Japan needs to do what Japan needs to do. If carry trades have a ranking, Japan is still no.1.

:quote: Economics Minister Kaoru Yosano, however, insisted the yen and Japanese stock markets were not in a state of turmoil and that the government would like the G7 to merely provide a psychological prop to markets, rather than intervene.

You want to talk intervention? Talk to the [censored] at the Federal Reserve.

What a load of misinformation otherwise ....

Stimulous of $40 trillion Yen sounds like a lot. But it is only $500Bn USD. Not even QE2 standards. So Japan is merely keeping pace with the efforts of the Federal Reserve.