Dollar rally fizzles

Beautiful. Raise the consumption tax, create a false inflation, do not raise wages, and weaken the Yen to make imports more expensive.

? HUH?

****By the way: What does this sentence mean? >>>"The bank embarked on a huge easing program last year and many economists it will eventually be forced to expand it after an April sales tax hike hit growth."

Bought a shed full of dollars at 80 yen a pop... It's all good!

Japan's export is like 15% of GDP, and yet they insist that these export industries are the driving forces in Japanese economy, how does that work ?

Currency manipulation!

So typical double standard ! I am speechless. This is human being.

RAISE WAGES!

Just wait til the FRB raises interest rates... OH, BABY! 120 and beyooooooond!

kibousha

Japan's export is like 15% of GDP, and yet they insist that these export industries are the driving forces in Japanese economy, how does that work ?

There are a lot of industries that fly on the back of these exports even though those industries do not export them selves, local companies manufacture and assemble things that go into the final products and trucking companies for example, freight forwarders, then where these export yen get spent, locally through workers, it all helps economy that is the great money go round.

Export money is money that this country and economy didn't have previously.

Export businesses will thrive, consumers will suffer, and Abe will plug his ears.....continuing the recipe of disaster management!

A weaker yen helps make Japanese exporters such as Toyota and Sony more competitive overseas

this is half wrong (and lazy reporting by AFP). toyota has already shifted much of their producton outside of japan so a weaker yen won't dramatically improve their earnings. a better example is a company like toray, the maker or uniqlo's heat-tech and boeing's 787's carbon fiber wings.

Pity the average Tanaka and Watanabe who import the overwhelming majority of their energy, food, clothing etc, which will continue to rise with the yen plummetting. But hey, Kuroda, Abe and the top 5 percenters are happy as long as their stocks keep rising!

"weak yen good for Japan"

Not for anyone in Japan who has to buy gasoline, diesel fuel, airliner jet fuel, coffee...

This blows I need to come back to the US at some point and I hope my yen isnt worthless

You should be sending your money back gradually, or think about keeping a dollar account in Japan. The other option is an exchange-traded fund that's inversely correlated to yen: yen goes down, the ETF goes up.

Japan is monetizing debt at a reckless pace whereas in the US QE is being relaxed. The yen is becoming devalued......

Abe is most likely letting the yen weaken, then 'Hey we NEED these nuke stations on line people. It's hurting YOUR saifu!'

Cue the collective, 'Hai, so shimashou!'

Crafty.

This is a slight Yen rally, reality will kick in again when some take bait on the short, just wait til the FRB ups that interest rate.

just wait til the FRB ups that interest rate. then all those $ that left the US during the Feds 5 years QE will come flooding back. dont see the $ going below 100yen/$ for a long while yet.

rickyveeOct. 07, 2014 - 02:02PM JST this is half wrong (and lazy reporting by AFP). toyota has already shifted much of their producton outside of japan so a weaker yen won't dramatically improve their earnings. a better example is a company like toray, the maker or uniqlo's heat-tech and boeing's 787's carbon fiber wings.

Yes, Toyota has shifted many of their plants throughout the world, including 7 in China. However, in building cars, it requires 20K to 30K parts per vehicle. Many of the main parts (maybe half) are still engineered and manufactured in Japan and exported to Toyota's manufacturing location. The exchange rate makes it easier for Toyota to export these parts.

WTF, but if you bought into the dollar at 80 and then sell off when the FRB has upped interest rates... QED.