Archive | December, 2008

Bank of Japan caves in again

By on December 19, 2008 in M&A, Monetary policy, Yen

I don’t agree with the BoJ’s decision to cut from 0.3% –> 0.1%. The cost of borrowing is not the problem here. In fact, the impetus to cut was at least partially pressure from the MoF, in what amounts to a silly attempt to ease yen-strength. The reaction has been muted, and for now, the [...]

Read full story • Comments { 0 }