I sincerely thank you for providing us with such a wonderful consideration free of charge. Incidentally, since yesterday, there has been a commotion in Japan to recall supplements manufactured by Kobayashi Pharmaceuticals using red yeast fungus and food coloring made from its dyes, due to suspicion of mold poisoning. In fact, more than 20 people have been hospitalized due to suspected kidney function deterioration caused by mold poisoning. Red yeast dyes are commonly used in East Asia, but there are regulations in Europe and the United States. However, there are unconfirmed reports of Western companies manufacturing supplements with the same red yeast coloring, and you may be affected if such a company exists.
Sincere thanks - both for the feedback and the food/supplement warning.
Speaking of exports...
When adjusted for inflation in real USD terms, exports in Japan are down by 25%.
I would think BOJ is fine with letting yen weaken more...
Not to much, but since BOJ buys 100% of net new bond issuance, and because Japan issues the debt in its own currency, it owes itself the vast majority of that debt so... this is how it continues to keep inflation + interest rates low.
Most importantly, given they are IMPORTING inflation via weaker Yen, no wonder they say they will achieve inflation targets - in time.
I sincerely thank you for providing us with such a wonderful consideration free of charge. Incidentally, since yesterday, there has been a commotion in Japan to recall supplements manufactured by Kobayashi Pharmaceuticals using red yeast fungus and food coloring made from its dyes, due to suspicion of mold poisoning. In fact, more than 20 people have been hospitalized due to suspected kidney function deterioration caused by mold poisoning. Red yeast dyes are commonly used in East Asia, but there are regulations in Europe and the United States. However, there are unconfirmed reports of Western companies manufacturing supplements with the same red yeast coloring, and you may be affected if such a company exists.
Sincere thanks - both for the feedback and the food/supplement warning.
Speaking of exports...
When adjusted for inflation in real USD terms, exports in Japan are down by 25%.
I would think BOJ is fine with letting yen weaken more...
Not to much, but since BOJ buys 100% of net new bond issuance, and because Japan issues the debt in its own currency, it owes itself the vast majority of that debt so... this is how it continues to keep inflation + interest rates low.
Most importantly, given they are IMPORTING inflation via weaker Yen, no wonder they say they will achieve inflation targets - in time.
With that, they don't really need to hike.