Japan's First Post Earthquake Stimulus Is Here In The Form Of A Tiny 500 Billion Yen Loan Program

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Tue, 06/14/2011 - 01:03 | 1366931 plocequ1
plocequ1's picture

Its all good. Futures are up. Good night and happy trading. To quote Robo, " LOL"

Tue, 06/14/2011 - 01:22 | 1366965 waylon153
waylon153's picture

How long has Japan had its interest rate at 0% to spur lending and "growth"?

 

How long will the Fed keep rates at 0% to spur lending and "growth"?

Tue, 06/14/2011 - 09:31 | 1367408 kaiserhoff
kaiserhoff's picture

1. 22 years and counting.

2. To the Moon, Alice!

Tue, 06/14/2011 - 01:25 | 1366971 chump666
chump666's picture

Asia is an economic joke, I mean you would (later) be wiser to invest there. But meantime, f*cking jerkoff.  Both China and Japan are the BIGGEST conjobs, fudging numbers, lying, manipulating FX list goes on and on...funny how the stock markets indicate how crap they are

Tue, 06/14/2011 - 01:46 | 1366985 arnoldsimage
arnoldsimage's picture

bank of japan says the economy is picking up? wait for it... hahahahahahahahahahahahahahahahahahahahahahahaha. and i thought monty python was funny.

Tue, 06/14/2011 - 01:58 | 1366992 Global Hunter
Global Hunter's picture

Winning post, stunning and funny at the same time. 

Tue, 06/14/2011 - 02:20 | 1367016 MobBarley
MobBarley's picture

The geiger counter business is booming, dosimeters are flying off the shelves,

iodine pills are the new uber fashion fad, shit is looking great for the economy in Japan.

 Countries all over the world are clamoring for the newly discovered health and

evelotionary benefits of heavily radioactively augmented electronics, cars, and wasabi.

 Japan will lead the world in genetic advancements, you can bet on it.

 

Tue, 06/14/2011 - 07:25 | 1367202 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Japan is an aging country. The radiation will decrease the overall aging rate. Yep, really great. /sarcasm

Tue, 06/14/2011 - 02:32 | 1367022 chump666
chump666's picture

At least India are (somewhat) honest with the inflation blowout...china, jeez it imports oil and downgrades it's inflation destruction = major stagflation brewing.  They're gone...

Tue, 06/14/2011 - 02:38 | 1367026 Yen Cross
Yen Cross's picture

  Do DA Math @ usd/jpy  current  80.286.

Tue, 06/14/2011 - 04:41 | 1367110 jkruffin
jkruffin's picture

Time to go long USD/JPY for the run to 84.......it's time!

Tue, 06/14/2011 - 04:52 | 1367127 A Man without Q...
A Man without Qualities's picture

It may well be that the industries most affected by the tsunami, such as open water fishing, off shore sea farms, low lying farm land, have been so severely damaged that it would cost too much money and take too many man hours to fix.  The fact that so few of the next generation are going to enter these professions may be a significant factor...

These is nothing like the Kobe quake in this respect.

Let's not discount the real fear that massive money printing will be a further blow to the older generation who rely on the stable purchasing power of JGBs.

Tue, 06/14/2011 - 05:44 | 1367150 Out9922
Out9922's picture

They can't win doing that.  Go Big or Go Home.  Long live the Bernank!

Tue, 06/14/2011 - 06:11 | 1367166 centurain
centurain's picture

Long time reader, first time posting and this song runs through my head every time I come here.

http://www.youtube.com/watch?v=DohRa9lsx0Q

Tue, 06/14/2011 - 06:29 | 1367176 writingsonthewall
writingsonthewall's picture

Once upon a time 500 Billion yen was a lot of money.

My how the conseuqences of QE can be seen and how money printing doesn't resolve your problems.

Japan has been 'defaulting' for the last 10 years - maybe this is what the US are modelling their solution on.

Unfortunately the US has less to export and the consequences of QE on the worlds reserve currency is catastrophic.

 

Isn't it lucky they can't print gold.

Tue, 06/14/2011 - 06:57 | 1367186 topcallingtroll
topcallingtroll's picture

Too timid, too little, and too late.

People are fooled by all the zeros after the stimulus numbers.

They do not understand the size of the deflation monster. He was there all along.

I warned you hyperinflationistas constantly about this deflation monster since the day i adopted my new avatar.

Just three months ago the consensus on zero hedge was ben had already gone too far and hyperinflation was imminent.

Tue, 06/14/2011 - 08:01 | 1367247 Version 7
Version 7's picture

The financial earthquake will arrive in July, when the companies' quarterly earnings

reports are made available and folks realize what happened to their businesses in the aftermath.

Tue, 06/14/2011 - 08:21 | 1367281 spanish inquisition
spanish inquisition's picture

Great business opportunity in Japan to get a loan to start a business making a line of glowing everything.

Tue, 06/14/2011 - 10:29 | 1367533 boiltherich
boiltherich's picture

Since when is 6 billion dollars in an economy the size of Japan called a stimulus?  I was getting a bedtime check on overnight futures at Bloomberg last night and the BOJ announced they gave more than that to TEPCO to help it finance claims against the company related to radiation.  The BOJ spends more than that on paper to print up their "currency."  Six billion is not enough to make up for lost sales at Toyota. 

Maybe this non story IS the story, but why report on actions by the BOJ that amount to what we spend on pizza every other day?

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