Japan dangles threat of “decisive” steps as yen slips past 150

10 comments

1. At this point Japanese lawmakers are starting to sound like Kim Jung Un with all of their empty promises to take decisive action.

2. If they say they’re looking for “volatility”, does this mean they’re fine with the rapid and continued drop, so long as it… continues…? o.O I’m confused.

3. The threat of doing nothing haha

4. The JP govt has managed to mask its bumbling incompetence for the last 40 years by draining the national treasury to throw at its business cronies, buying up their stocks and hiding behind the “falling demographic” fig leaf but now the check is coming due and they’re screwing up like usual.

5. Stop the ultra low interest rates.

6. This is what you get when people in charge are there due to their age, not their ability.

   The whole ‘experience gained through the years’ is stupid. Because their experience is based on whatever was there 30 years ago. Technology improves too fast for them to fully understand and now you have this problem where they have no idea how to fix anything because they follow the “old way” instead of relying on young people who know what is actually going on. What a clusterfuck

7. I’ve been studying Japanese management for decades. Some key principles:

   (1) No rich people should ever suffer.

   (2) Decisions should be delayed until a serious crisis occurs, at which point an enormous amount of money and resources may be spent to ensure compliance with rule 1.

8. Wow, “dangles” is a new one. Have they stopped mulling, pondering, and considering?

9. In that case it’s definitely heading to 160. The Japanese government has investments in other currencies so this doesn’t negatively impact them at all.

   Posturing publicly is just encouraging for those of us who make our money is USD. The savings will continue.

10. nearing 152 now