Tuesday, October 5, 2010

Japan has a new "printing" program too..

Japanese central bank just announced last night that they want to create another 60 billion Dollar worth of currency. Since the Japanese economy is roughly 1/3 the size of ours, it would translate to about 180 billion if done here.
It doesn't quite compare to 2 trillion, but the interesting part is that they are planning to buy just about ANY asset that's traded in Japan, including stocks (through ETF's) and Real Estate Investment Trusts. That's something that many people, including myself, have speculated that the Fed is already doing.

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