Insight: Under siege, Japan central bank wakes up to political reality

Comments (8)
VonHell wrote:

Printing money like crazy… 6 months of “increased” profits without increase sales… until investors realize japanese companies are falling like before the 2008 crisis… and the people realize their same salaries buy much less…

But what im waiting to see in fact is Mr Abe first attempt to make an appearance show to the chinese leaders related to the Senkakus and gets nailed… lol

Dec 28, 2012 4:20am EST  --  Report as abuse
pimlo wrote:

Maybe if Japan hadn’t moved so much manufacturing to Communist China there economy would not be like Americas.

Dec 28, 2012 8:52am EST  --  Report as abuse
DifferentOne wrote:

Abe is right. Japan needs a much lower yen value to compete with China and to bring manufacturing jobs back home.

America needs the same: a lower US dollar value compared to the Chinese yuan. Obama needs to pressure China to stop pegging the yuan to the US dollar at an undervalued rate. China has manipulated the yuan for far too long, gaining an unfair advantage in world trade, at the expense of the USA and Europe.

Dec 28, 2012 11:02am EST  --  Report as abuse
americanguy wrote:

Well this is one Japanese Prime Minister who’s name I will not forget. Prime Minister Abe, aka “Honest Abe”.

Dec 28, 2012 11:23am EST  --  Report as abuse
jrj906202 wrote:

A race to the bottom.See which central bank can steal the most from it’s citizens.What a crazy world we live in.

Dec 28, 2012 1:03pm EST  --  Report as abuse
jrj906202 wrote:

Devaluing U.S. currency is EXACTLY the same as lowering the wages of American employees.Also is a tax on anyone with savings in Dollars or Dollar promises(bonds.etc.)I wonder how well asking all Americans to take pay cuts would work.It would be more honest.

Dec 28, 2012 1:05pm EST  --  Report as abuse
StigTW wrote:

Would be good if someone did a follow up piece on what if this fails… What are the tangible risks in this and is it merely a massive gamble.

Dec 28, 2012 1:58pm EST  --  Report as abuse
Janeallen wrote:

excessive money printing = quantitative easing = currency manipulation

The Obama Administration and Japan had been manipulating the currency deliberately. Yet, the reporters around the world hide it, censor it, cover it up to the American public and most of the western world. All the time, Obama points his fingers to other countries, particularly China, taking responsibility far too infrequently on his monetary policies that shield those who thrive on legal loopholes, lobbying, and “deep American tradition” of letting the powerful lead.
Absolutely pathetic.

NHK posed “as a victim” in its constantly distorted, propaganda report, as if the strong Yen was somehow a result of their virtuous, non-currency manipulating policy. I heard it with my own ears from the Kathy Kobayashi, the most famous constantly lying Japanese leading Nazi-whitewasher anchor on NHK.

For a long long time, I believed that Obama was just fooled by his economic advisors, that he, and given what he represents, would never knowingly misrepresent and scapegoat China on the currency issue.
After how he grossly distorted the facts of unethical business practices in America during his campaign and in the debates, and how he deliberately vilified Asia, particularly China, obviously to shirk his own responsibility and duty, and point the blaming fingers to China to get re-elected, AND particularly, how he defended his distortion of facts as “almost true”. After that, I am open to belief that Obama deliberately fabricated the currency manipulation story to cover up the powerful crooks whom he couldn’t overcome. In other words, he sold part of his integrity down the drain as the President who is supposed to represent the opposite. I don’t find any of many extremely lame excuses remotely credible.

His Administration looks the other way with every Japan does, and encourage it, and dumps all the blame on China. My lack of integrity of my Government makes me sick to the stomach.

Dec 28, 2012 5:05pm EST  --  Report as abuse
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