Sunday May 27, 2012

Noda, Kan say they are keeping eye on financial markets

Politics ( 5 )

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As stock markets fell, dealers have been moving into the bullion market AFP

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As stock markets fell, dealers have been moving into the bullion market A high yen generally hurts Japan's export sector, the nation's main economic engine Dow Jones Industrial Average As stock markets fell, dealers have been moving into the bullion market A high yen generally hurts Japan's export sector, the nation's main economic engine Dow Jones Industrial Average As stock markets fell, dealers have been moving into the bullion market A high yen generally hurts Japan's export sector, the nation's main economic engine Dow Jones Industrial Average European woes were reignited after rumours that France was in danger of seeing its top-notch credit downgraded Asian markets' closing figures As stock markets fell, dealers have been moving into the bullion market A high yen generally hurts Japan's export sector, the nation's main economic engine

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5 Comments

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  • 0

    NuckinFutz

    “We will closely monitor the market and think about ways to deal with it.”

    And that's about as far as they will get. Short of simply taking the yen off financial markets and pegging its value at a set rate there is absolutely nothing Japan can do.

  • 0

    some14some

    Great relief that instead of one there are two monitors named Kan and Noda !

  • 0

    globalwatcher

    Crisis of Confidence towards US$ may continue and there is nothing else more Japan can do at this moment.

  • 0

    yokohamageezer

    Print a few hundred trillion yen to pay for the disaster reconstruction, flood the economy with it and watch the yen dive - will be at 100 to the dollar in no time... trouble is, where would it stop?

  • 0

    Seiharinokaze

    Noda, Kan and the like who are mentally atrophied by the Finance Ministry officers don't ever rack their dead brains. They just intervene in the foreign exchange market without effect and invest the obtained dollar in the U.S. treasury bonds which are morally fictitious bills and will default or devalue in few years anyway. They drain our money away and call it ways to deal with it.

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