Japan

By Warren Mosler In the context of this ‘everyone’s out of paradigm’ world, it makes sense for Japan’s MOF (Ministry of Finance) to buy dollars vs yen. But it makes no sense to do this as a coordinated effort with other nations also…

By Marc Chandler There seems to be a general consensus among observers that contrary to the talk of repatriation that the yen's rise is largely speculative in nature. This is very much in line with our assessment from the get-go.…

Here are some links that seem useful in the context of the Japanese Fukushima Daiichi 1 nuclear power plant situation. I also have a picture about radiation levels in Japanese below. The Haaretz link is related because it shows that some…

BBH CurrencyView North American Update US dollar mostly weaker versus majors USD/JPY reaches record low as uncertainty remains elevated; G7 to discuss Swiss franc stronger on safe haven bids; SNB remains on hold…

The Japanese Yen reached a new all-time high against the U.S. dollar fuelling speculation that the Bank of Japan will forced to intercede to ward off speculators. With the prospect of repatriation of profits back to Yen, the currency has…

By Marc Chandler The Japanese nuclear accident has implications for Europe. The EU wants to have stress tests on members nuclear plants. The tests are not mandatory, but may be difficult to refuse. Switzerland has halted its nuclear…

A few weeks ago, the Economist put out its quarterly gauge of house price values. Australia just beat out Hong Kong as the most overpriced market in the developed world, with an overvaluation of 56%. Japan was by far the most undervalued…

By Kevin Brekke

US dollar remains firm across on the board as risk-off dominates. FOMC meeting unlikely to surprise and Empire manufacturing should remain firm, while German Zew confidence dropped to 14.1, below expectations. Growth-sensitive currencies…

Our hearts go out to the Japanese because of the human tragedy that resulted from a devastating earthquake and tidal wave. I want to echo Dr. El-Erian's sentiments here. It will difficult and it will have globe-spanning consequences, but…