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.
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.