Abe's push for radical BOJ head meets resistance

fear extreme measures from the central bank may trigger a damaging rise in bond yields

Someone is thinking ahead. Very good. US Treasury is just about to burst. FYI

There are too many "radical central bankers" (what a concept) in the world today.

"radical" in this sense means "Abe's stooge".

I do nor know who will be a next chief of BOJ, but whoever takes over this position should be aware that Abe will use him as a scapegoat if the Abenomics does not work.

BOJ monetary policy cannot attain the 2% inflation target.

Japanese taxpayers shoud know that Monetary policy by BOJ does not create jobs, but the right and correct fiscal policy by Abe DOES. Abe is the last one to know this truth.

globalwatcherFeb. 08, 2013 - 02:54PM JST

BOJ monetary policy cannot attain the 2% inflation target.

Exactly. The Yen would have to go to 135 to the dollar for that to be even remotely achievable and nobody is going to allow Japan to weaken her currency to those levels.

DogFeb. 08, 2013 - 03:35PM JST

Nice to read your post. Dog, just want to tell you US Treasury bubble is just about burst after many QE's. See it will never work. Hope you are already out. FYI

DogFeb. 08, 2013 - 03:35PM JST

globalwatcherFeb. 08, 2013 - 02:54PM JST

BOJ monetary policy cannot attain the 2% inflation target.

Exactly. The Yen would have to go to 135 to the dollar for that to be even remotely achievable and nobody is going to allow Japan to weaken her currency to those levels.

Abe may be stupid enough to let it go down to that level, and sonner or later, "The Black Swan" will show up unexpectedly in Japan.

In taiwan, there're some important businessmen began to complain government's Taiwan NT$-stable policy, and they admired that Abe's bold action of yen really made Japan competitors stronger! It's like 2 companies, japan company's cost goes down and taiwan company's cost goes up comparatively therefore taiwanese businesses are under heavy pressure. It's for your information, actually I can't judge which way is better for the time being.