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Bank of Japan

$5,000 Friday - Yesterday's Futures Trades Pay Off Nicely

Phil Davis | Posted 05.13.2016 | Business
Phil Davis

You are welcome! I know often those of you who don't subscribe to the PSW Report don't get these trade ideas after the market opens and miss out...

Turnaround Tuesday - Yesterday's Gains Gone Before the Open

Phil Davis | Posted 05.03.2016 | Business
Phil Davis

What a silly market! I warned our Members in the afternoon to be wary of the low-volume rally and, of course, we stayed the course on our bearis...

Monday Market Movement - Yen Still Climbing vs Dollar

Phil Davis | Posted 05.02.2016 | Business
Phil Davis

One again the BOJ does nothing over the weekend. That's put many, many traders on the wrong side of the strong Dollar/weak Yen bet and it's also...

Thursday Failure - BOJ and Fed Disappoint the Bulls

Phil Davis | Posted 04.28.2016 | Business
Phil Davis

I told you so! Yes, I say that a lot these days and that's because I regret not being more emphatic with my cash calls in 2007 and 2008 when I w...

Helicopter Kuroda: A Bonus for Workers, Not Japan Inc.

Lyric Hughes Hale | Posted 04.27.2016 | Business
Lyric Hughes Hale

This week the central bank of Japan continues its unprecedented adventures in qualitative and quantitative easing. In the absence of true structural reforms, the burden of boosting Japan's economy has fallen upon the shoulders of Bank of Japan Governor Haruhiko Kuroda.

Monday Market Manipulation - BOJ Now Owns 10% of the Nikkei

Phil Davis | Posted 04.25.2016 | Business
Phil Davis

This is getting silly. The Bank of Japan is already a top shareholder in 90% of the Nikkei's 225 companies so, on any given day, if you're selli...

Governments - Big Players - Make Markets Unsafe

Steve H. Hanke | Posted 04.15.2016 | Business
Steve H. Hanke

Reportage in The Wall Street Journal on April 3th states that "A fund owned by China's foreign-exchange regulator has been taking stakes in some of th...

TGIF - Stop the Rally, We Want to Cash Out!

Phil Davis | Posted 04.15.2016 | Business
Phil Davis

You are welcome! That's right, yesterday we told you that the Nikkei was facing the Kobayashi Maru and we picked a short on the Futures (/NKD) at ...

Janet Yellen's S&P 2,000 Adventure

Phil Davis | Posted 03.16.2016 | Business
Phil Davis

Who are we kidding? Well, the American People, for one thing. We're also kidding Investors and Savers and other Nations and we're certainly kiddi...

Manic Monday - Waiting for the BOJ, Fed

Phil Davis | Posted 03.14.2016 | Business
Phil Davis

2:30 AM. That's what time tomorrow the Bank of Japan will have their press conference to announce their rate decision as well as, potentially, any...

A Quick Central Bank Primer for Volatile Financial Markets

Mohamed A. El-Erian | Posted 02.15.2017 | Business
Mohamed A. El-Erian

With so much financial market volatility this year, we should look at the extent to which central banks have been the primary policymaker in many countries; and points to what they can and cannot do going forward.

Free Money Friday - Japan Goes Negative and "Saves" Asia (for now)

Phil Davis | Posted 01.29.2017 | Business
Phil Davis

More free money? No, the BOJ did not increase stimulus this morning. What they did is join Switzerland, Denmark and Sweden in the negative reserv...

Financial Risks Rise Amid Uneven Global Economic Recovery

José Viñals | Posted 06.15.2015 | Business
José Viñals

Additional policy measures -- beyond monetary policies -- are vital to make a durable exit from the global financial crisis and to safeguard financial stability. Crisis legacies need to be addressed. The traction of monetary policies must be increased with complementary reforms and financial excesses need to be contained.

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 01.03.2015 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

International Policy Coordination: The Loch Ness Monster

Olivier Blanchard | Posted 02.15.2014 | Business
Olivier Blanchard

International policy coordination is like the Loch Ness monster: much discussed but rarely seen. Going back over the decades, and even further in history to the period between the Great Wars, coordination efforts have been episodic.

Japanese Stocks Plunge More Than 6 Percent

Reuters | Posted 08.12.2013 | Business

TOKYO, June 13 (Reuters) - The Nikkei average tumbled 6.4 percent on Thursday, hitting its lowest close since April 3 - the day before the Bank of J...

Bank Of Japan Launches 'Unprecedented' Stimulus Package

Reuters | Posted 06.04.2013 | Business

* BOJ changes policy target to base money from interest rates * Combines bond-buying schemes, targets JGBs across curve * BOJ to double JGB,...

Euro Nears 4-Month Low

Reuters | Sophie Knight and Hideyuki Sano | Posted 03.27.2013 | Business

* Euro still smarting from 'Cyprus model' suspicions * Little sign of contagion to Italy, Spain * Yen under pressure ahead of April 3-4 BOJ meet...

How the Fed Could Fix the Economy... and Why It Hasn't

Ellen Brown | Posted 04.27.2013 | Business
Ellen Brown

The purpose of QE is to reverse this contraction. But if debt deflation is so easy to fix, then why have the Fed's massive attempts to pull this maneuver off failed to revive the economy? And why is Japan still suffering from deflation after 20 years of quantitative easing?

Central Bankers Making New Moves To Spur Global Economy

Reuters | Posted 04.05.2013 | Business

* Draghi, Carney to hog spotlight * ECB, BOE firmly on hold but unease stir over euro strength * Trade data eyed for sig...

Bank of Japan Prepares to Launch More Zeros

Michael Pento | Posted 03.20.2013 | Business
Michael Pento

The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.

What Causes Interest Rates to Rise

Michael Pento | Posted 06.03.2012 | Business
Michael Pento

However, in contrast to what passes for the economic wisdom of today, an increase in the rate of sovereign bond yields would be a function of deterioration in their credit, currency and inflation risks. But it would never be because of an increase in the prospects for growth.

Japan Worried About Impact Of Controversial U.S. Financial Reform

Reuters | Posted 03.13.2012 | Business

* Japan worried rule could raise costs of trading JGBs * Also concerned about more U.S. control over Japan banks * Also ...

Olympus To Take Legal Action Against Executives

Posted 11.16.2011 | Business

(Reiji Murai) - Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found...

Japan Shows How to Defuse Debt Time-Bomb

Ellen Brown | Posted 07.27.2011 | Business
Ellen Brown

A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.