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>> JAPANESE YEN Latest News

FEB 23, 2013 - Zero Hedge

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Memo To Japan: It Is Going To Be A Cold, Expensive Winter

Two weeks ago we showed that while the short-term gains generated by the Japanese stock market are welcome, the impact of Abe's synthetic "wealth effect" is far less than generally accepted for one reason: unlike the US, the financial assets held by the Japanese public in the form of equities are a tiny fraction of the whole pie. However, while the Nikkei surging was a boost to a small percentage of the Japanese population, the negative offset, the lost purchasing power due to a plunging Yen which is the sole reason for the nominal rise in the stock market, has impacted all equally. And as ... Read More

Tags: Memo To Japan: It Is Going To Be A Cold, Expensive Winter,  Japanese Yen Latest News