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Is This How The Bank Of Japan "Signals" It Is About To Boost QE?
As we have noted previously, The Bank of Japan (BoJ) is one of a handful of central banks that trade on global stock markets. The finance ministry holds a 55% stake of the Jasdaq-traded security, which as one analyst noted "seems like an odd investment." However, it appears BoJ shares serve a different purpose - to signal an imminent easing to the market. As Bloomberg reports, BoJ stock has surged almost 30% in the last few days on very heavy volume... the previous 4 times we saw spikes in price and volume, Japanese authorities eased significantly in the following days.
Signal? or Noise...
As Bloomberg reports, The BOJ has tended to rally around times when it eases monetary policy, according to Mitsubishi UFJ Morgan Stanley's Katushito Sasajima...
When the shares surged in March 2013, the megabanks gained the next month. Mitsubishi UFJ, the largest, jumped 19 percent, while Sumitomo Mitsui, the No. 2 by market value, soared 22 percent and Mizuho added 8 percent. The gains came as BOJ Governor Haruhiko Kuroda unleashed unprecedented stimulus.
Mitsubishi UFJ fell 2.8 percent through Wednesday from a high on March 18 this year. Sumitomo Mitsui lost 3.3 percent and Mizuho slid 4.7 percent. The BOJ rallied 18 percent in the period. “The BOJ stands out as the only riser in the bank sector,” Sasajima wrote.
“Megabank stocks could be worth watching for signs of repeating historical patterns.”
Which is interesting since IMF's Lagarde called for moar this morning...
LAGARDE: JAPAN NEEDS MORE POLICIES IN ADDITION TO QE. What about More QE?
— zerohedge (@zerohedge) April 16, 2015
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Buy my bonds Mrs. Watanabe...
Japan has got to go full Krugman asap and just triple their bond purchases. If you are going to go down, you might as well go down in a blaze of glory. What does it matter anyways, the total global financial system is going to crash regardless, Why not do it in epic proportions.
They truly have no other choice.
Nor Does the U.S.
For those who are awake...
Enjoy every normal day You have.
Well yea they are catch 22 screwed no matter what they do but instead of taking the pain of now they take down the system for tomorrow ~ for games of who is to blame later in the blackmail economy.
Never go full Krugman.
Next time it's gonna work.
yep just like Heroin!
Yeah...that'll get the Yen to 105.
Ya, I thought the same thing. "WHEN IT GETS BAD YOU JUST GOT TO LIE"
Guys, no worries. Paul Krugman wrote a definitive article proving that printing more coupons allowed lawyers a night on the town and more babysitting opportunities, so we're in good hands. Print away, Japan, and watch the babysitters flow like the wine that the lawyers will soon be guzzling.
Shit must be real bad and getting worse.....I used to know these things.
What happened to me?
Last time they did that was 1200 AM on Friday 10/31/14. /NKD futes have been compressing and are in a bull flag since last last week. This is interesting.
I guess thats why gold has been so weak for the last week. Time for another kick in the nuts.
Actually gold has been stubbornly holding around 1200 even w dollar strength as it isn't falling on dollar strength as it did in February. Showed life today on its own, even with crazy bouncy dollar.
Correct. When measured against the basked of major currencies excluding the USD, gold lost less than 20% value since the all time peak. I say that's a pretty good record.
As of two weeks ago Japan became the largest purchaser of US treasury bonds.
AAA+ rated assets.
Ha! Ha!
How fitting.
Step right up. Everyone's a winner. Yes folks this is a once in a lifetime opportunity to BTFD and stock up on supplies for the upcoming war against the banksters. Your long awaited chance to finally do something with your deadbeat lives is just around the corner. Military men and women, police, national gaurd no need to continue to take orders from pedophiles and criminals. Become heroes just by arresting a bankster and putting them in custody. Doing what is right is the path of least resistance and the path that leads to prosperity with honor. We will come rejoicing bringing in the thieves. Bringing in the thieves. Bringing in the thieves. We will come rejoicing bringing in the thieves.
Everyone should STOP TRADING.
The entire game is rigged....piles of money are being made on insider Central Bank info..
effem'..... When the volume on exhanges plummets to match the velocity of money, maybe a message might register