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http://www.businessinsider.com/shinzo-abe-the-boj-and-the-yen-2012-11
Shinzo Abe running on a promise of "ulimited easing"
Despite running a gigantic national debt, the Japanese yen has for a long time been one of the strongest currencies in the world, confounding bears, and frustrating domestic manufacturers who have felt that the strong currency was hobbling business.
But the US dollar has snuck up to a 7-month high against the yen, and everyone is talking about a big leg down.
The catalyst?
An election is coming up in December, and Liberal Democratic Party candidate Shinzo Abe is running on a platform of aggressive easing. Everyone is talking about it.
Read more: http://www.businessinsider.com/shinzo-abe-the-boj-and-the-yen-2012-11#ixzz2CfwH5a3G
Shinzo Abe running on a promise of "ulimited easing"
Despite running a gigantic national debt, the Japanese yen has for a long time been one of the strongest currencies in the world, confounding bears, and frustrating domestic manufacturers who have felt that the strong currency was hobbling business.
But the US dollar has snuck up to a 7-month high against the yen, and everyone is talking about a big leg down.
The catalyst?
An election is coming up in December, and Liberal Democratic Party candidate Shinzo Abe is running on a platform of aggressive easing. Everyone is talking about it.
Read more: http://www.businessinsider.com/shinzo-abe-the-boj-and-the-yen-2012-11#ixzz2CfwH5a3G
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