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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (3840)12/19/2001 1:55:48 AM
From: ahhahaRead Replies (1) of 24758
 
The BOJ just increased their purchases of governments by 33% and intend to add to current deposits of up to twice as much as they had been ($ 7 trillion yen). Adding to current deposits is the same thing as the FED doing a coupon pass. This is what they needed to do in 1998. It was right then. Now I suspect that it's wrong. They're trying to stimulate final demand just like the FED when the only thing they will stimulate is final prices in light of their obsession with neo-mercantilism.

It should have another somewhat surprising result: the yen will strengthen against the dollar causing Japanese rates to rise. That should get the Japanese banks to dump dollar denominated securities including T bonds which they have already been doing.
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