أشرف العايدي على سي ان بي سي عربية -- 20 ديسمبر2012
Dec 20, 2012 16:45
We have seen 2 of the 3 requirements for yen weakness; i) increased asset purchases (up by another 10 trn yen), ii) rising equities. The 3rd factor will have to be rising bond yields. In order for this to happen, the BoJ will have to explicitly redefine price stability in its charter to say "2% in the medium term" and not just in the long term.
On the fiscal cliff negotiations, President Obama may be using Rpeublicans' awkward backing of pro-gun laws in his talks about taxing the rich and sending cuts. Regardless of the progress made in the talks, any fear of a disagreement by year-end is unlikely to weigh on markets, which are boosted by central banks' enthusiasm to ease and look the other way from inflation targets.
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