This global economic collapse is like watching a car getting compacted in VERY slow motion. This is what happens when inflation isn’t controlled quickly.

by
Sharing is Caring!



See also  Complete collapse in Florida's condo market. 40% price reductions on distressed listings.

In the future will the Bank of Japan buy everything?

Today we look east to the land of the rising sun or Nihon which is presently feeling the heat of economic developments or more precisely the impact of a strong US Dollar.

BREAKING : Japanese Yen Japanese Yen falls to lowest level against the U.S. Dollar in more than 33 years. ( @Barchart)

Live news: Japanese yen falls to lowest level in a year ( @FT)

I am with the Financial Time on this one as whilst today’s low in Yen terms is 150.79 we went lower before the phase of intervention last year. So we are now firmly in what was the intervention zone with people mulling statements like this.

Japanese Prime Minister Fumio Kishida told parliament last week that the yen’s rapid depreciation was a problem, and that his government would work with the Bank of Japan to take action if necessary. ( MarketWatch)

Those who have followed my analysis over the years will be thinking that this is yet another area where the Bank of Japan finds itself under pressure to intervene. Although technically it would be under orders from the Ministry of Finance so let me switch to Japan Inc.

See also  Experts say bank collapse is coming after zelle payment conspiracy scandal rocks major banks world wide

Views: 198

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.