17 March 2016 /21:49 UTC-07 Tango 01 (27 Esfand 1394/07 Jumada t-Tania 1437/09 Xin Mao 4714)
“The market is saying we’re worried no matter what Yellen says and shows there can be no real relief until we can truly see what’s happening in the U.S. economy.”-Wako Juichi, Nomuro Holdings strategist essentially blaming Japan’s investor exodus on the United States
Foreign investors have sold-off a record amount of stocks in Japanese companies. Could this be the final death blow to an economy that’s been struggling since the 1990s?
Foreigners make up 70% of the investments in Japan and for the past ten weeks they’ve been dumping those investments at record rates.
Tokyo Stock Exchange reports that just last week ‘bears’ beat out ‘bulls’ by $10.7-billion USD, beating the last record sell-off from 1987!
The number one concern of foreign investors is the value of the yen (JPY) against the U.S. dollar (USD).
An analyst with Citi Group’s Citi Research also blames the neo-imerialist government’s tax increases (part of what’s called Abenomics).
Others blame the Bank of Japan’s controversial use of negative interest rates. Believe it or not, yesterday Bank of Japan said they could drop rates even more!
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