- Japanese Bloodbath After BoJ Disappoints – Nikkei Drops 1000 Points, USDJPY Crashes
by Tyler Durden, www.zerohedge.com
If there was a sign that nothing else matters but central bank largess, this was it. The moment The Bank of Japan statement hit and proclaims “unchanged” a vacuum hit USDJPY and Japanese stocks. Reflecting that Japan’s economy has “continued a moderate recovery trend” which is utter crap given the quintuple-dip recession, Kuroda and his cronies said they will “add easing if necessary” and apparently that is not now. Not so much as a higher ETF purchase or moar NIRP.. and theaftermath is carnage – NKY -1000 points and USDJPY crashed to a 108 handle!!
* BOJ WILL ADD EASING IF NECESSARY
* BOJ: SEES LARGE DOWNSIDE RISKS FOR ECONOMIC OUTLOOK
* BOJ: JAPAN’S CPI TO BE AROUND ZERO PERCENT FOR TIME BEING