Yet the huge amount of coming infusions from the FED-ECB will likely be complimented by the Bank of England, and Bank of Japan, as well as the Swiss National Bank whom has been the quasi-pioneer implementer of the unlimited option via the Swiss-Franc Euro price cap
Japan announced 750 billion yen ($9.4 billion) of fiscal stimulus to shore up growth as bond investors told the government they’re worried about delays in financing more spending.With lawmakers in the Diet blocking financing legislation, some of the extra money will come from discretionary budget funds, the government said in Tokyo today. The Finance Ministry said the impasse may affect a debt sale planned for December, after an emergency meeting with primary bond dealers.Finance Minister Koriki Jojima said last week that the government will run out of money by the end of November if the financing bill is not passed. The yen touched a four-month low today as a report showed consumer prices slid for a fifth month in September and as a Bloomberg News survey indicated the Bank of Japan (8301) may expand an asset-purchase program by 10 trillion yen on Oct. 30.“The risk of a Japanese fiscal cliff is quite big,” said Soichi Okuda, chief economist at Sumitomo Shoji Research Institute in Tokyo. “Without the passage of the bill, the government can’t pay for necessary spending and the implementation of the budget will be delayed.”
This has not been about the rising yen, this has been about political desperation to survive the current crumbling debt based political order.