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To: Postman who wrote (22958)	11/30/2009 12:16:46 PM
From: Rocket Red	Read Replies (1) \| Respond to of 233890

yup carry trade plays a roll too

To: Postman who wrote (22958)	11/30/2009 12:34:38 PM
From: philv	Read Replies (1) \| Respond to of 233890

Japan's authorities have moved to offer support for the country's weakened economy. The head of the Bank of Japan said the central bank would act "decisively" if there were further market turmoil. Separately, National Strategy Minister Naoto Kan said the government had agreed to try to stop the rise of the yen. The Japanese currency has strengthened against the US dollar in recent months, which holds back exports. No details were given in either case as to what sort of action was being planned. But it was the comments from the Bank of Japan that caused the most speculation. Analysts suspect this is a hint that the country may return to "quantitative easing", whereby central banks flood the market with masses of money to promote lending. Japan has tried it before, after the dotcom bubble burst, and kept the programme going for five years until 2006. It is a last-ditch policy that is only used when traditional ways of boosting the economy - such as lowering interest rates - have been exhausted. The depth of the banking crisis has led to it being used in the UK, although some doubt its effectiveness. news.bbc.co.uk