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Abe era will herald a 3-digit yen

edited December 2012 in Off-Topic
"The Shinzo Abe era will herald a spectacular decline in the yen. The promise by Japan’s newly elected prime minister to end the country’s chronic deflation spells curtains for the half-hearted quantitative easing that has been the Bank of Japan’s hallmark for more than a decade. At some point in 2013, one U.S. dollar will buy 100 yen or more."
http://blogs.reuters.com/breakingviews/2012/12/17/abe-era-will-herald-a-three-digit-yen/

Related: Defation a determined foe in Japan
http://www.nytimes.com/2012/12/18/business/global/deflation-a-determined-foe-in-japan.html?partner=rss&emc=rss&_r=0

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