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BoJ will print as much as it takes
Note that mixed earnings from IBM and INTC reported after 4pm last night but before the futures closed at 4:15pm has the futures well below fair value. Starting in Asia, the BoJ Deputy Gov said in essence they will print as much yen as possible to get to their inflation target when he said this morning that they will “do powerful easing to achieve 1% inflation…if needed.” The yen is lower and the Nikkei rallied 2% following the comments. If the BoJ is successful however, the JGB market will blow up, taking the yen with it and Japanese stocks will be the only protection for their legion of savers who have parked ... (full story)
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- Apr 18, 2012 9:41am Apr 18, 2012 9:41am
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Ovidiu80
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