at the end of June, according to the Bank for International Settlements, three times more than liabilities. Nomura estimates Japanese entities own $6 trillion in overseas assets, half of that unhedged.
YCC is the brainchild of BOJ Governor Haruhiko Kuroda, who is set to retire in April. His successor may feel freer to tweak the regime, especially ifexcluding food and energy keep rising. A higher-than-expected wage hike resulting from springtime negotiations could persuade officials that salaries are offsetting higher prices, bolstering the case for normalising interest rates.
. Japan had an earthquake, a tsunami and a nuclear accident in 2011 without setting off a global financial crisis. Investors betting on meltdowns have been disappointed before.Japan's government is set to revise a decade-old joint statement with the Bank of Japan that commits the central bank to achieving its 2% inflation "at the earliest date possible," Kyodo news agency reported on Dec. 17, citing government sources.
To be fair they will fall but when nobody knows. I would worry more about India even politics is toxic there.
They behave like uncivilized barbarians.