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FEB 07, 2013 - Zero Hedge

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Will Japan's "Attempted" Reflation Succeed And Will It Spill Over Into Full-Fledged Currency War?

Yesterday we presented a simplistic analysis of why for Japan "This Time Won't Be Different", a preliminary observation so far validated by the just announced Japanese December current account deficit which was not only nearly double the expected 144.2 billion yen, printing at some 264.1 billion yen, but was only the first back-to-back monthly current account deficit since 1985. In short - at least in the first month of Abe's great reflation attempt, not only did trade post another whopper of a deficit, but so did the broader current account implying that much more Yen weakness will be ... Read More

Tags: Will Japan's "Attempted" Reflation Succeed And Will It Spill Over Into Full-Fledged Currency War?,  Euro Latest News