{"id":1149,"date":"2014-11-06T08:42:24","date_gmt":"2014-11-06T13:42:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1149"},"modified":"2014-11-06T08:42:24","modified_gmt":"2014-11-06T13:42:24","slug":"gold-yen-central-banks-and-the-endgame-surlytrader","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1149","title":{"rendered":"Gold, Yen, Central Banks and the Endgame | SurlyTrader"},"content":{"rendered":"<p><a href=\"http:\/\/www.surlytrader.com\/gold-yen-central-banks-and-the-endgame\/\">Gold, Yen, Central Banks and the Endgame | SurlyTrader<\/a>.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 12px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 18px 0px; border: 0px initial initial;\">Japan is frantically trying to stop its deflationary trap and its immense debt burden. \u00a0The population is aging and prospects look dire. \u00a0On Halloween (great timing) the Bank of Japan threw the kitchen sink at the problem by announcing that they would increase their QE from\u00a0\u00a560-70 trillion, to\u00a0\u00a580 trillion ($700 B) and would increase its purchases of ETF and REIT\u2019s. \u00a0In addition, \u00a0Japan\u2019s $US1.2 trillion Government Pension Investment Fund will dramatically rebalance its portfolio away from bonds. \u00a0These actions have depreciated the Yen versus the dollar by about 5% since the announcement and have created about an 8% jump in the Nikkei. \u00a0 \u00a0If you extend the time period to the summer, the Yen is down about 13% while the Nikkei is up about 10%.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 12px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; text-align: center; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 18px 0px; border: 0px initial initial;\"><a style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 12px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: #a00004; text-decoration: none; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\" href=\"http:\/\/www.surlytrader.com\/wp-content\/uploads\/2014\/11\/Japanese-Yen-Decline.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-5769\" style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 12px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; display: block; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px auto 0px auto; border: 0px initial initial;\" src=\"http:\/\/www.surlytrader.com\/wp-content\/uploads\/2014\/11\/Japanese-Yen-Decline.jpg\" alt=\"Japanese Yen Decline\" width=\"477\" height=\"335\" \/><\/a><\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 12px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 18px 0px; border: 0px initial initial;\">If you are a Japanese citizen, you have lost a significant amount of purchasing power unless you own a bunch of stocks (which they don\u2019t). \u00a0Going back to 2012, the loss is over 30%:<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 12px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 18px 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold, Yen, Central Banks and the Endgame | SurlyTrader. Japan is frantically trying to stop its deflationary trap and its immense debt burden. \u00a0The population is aging and prospects look dire. \u00a0On Halloween (great timing) the Bank of Japan threw the kitchen sink at the problem by announcing that they would increase their QE from\u00a0\u00a560-70 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,195,202,426,452,661],"class_list":["post-1149","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-debt","tag-deflation","tag-inflation","tag-japan","tag-qe"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1149"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1149\/revisions"}],"predecessor-version":[{"id":1150,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1149\/revisions\/1150"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}