Markets  |  January 11, 2013 10:57:14

Japan is pumping money into the economy, only weakens Japanese Prime Minister Shinzo Abe used his powers, and together with his government set aside more money to support the economy in the amount of $ 117 billion. Under great pressure, so she was Bank of Japan (BoJ), which will most likely be forced to adopt new measures. The government wants bank to increase inflation target at which to get the Japanese economy, and from 1 to 2 percent. Prime Minister would also like to further easing of monetary policy by deepening sovereign debt and the purchase of new assets.

Abe's recipe for improving the situation in Japan is simple, the prime minister wants to increase fiscal spending and forcing the BoJ to buy government bonds. Critics of the new government and the opposition overlooks the fact that Japan has already huge debt (211.7 percent of GDP). "Japan needs a substantial monetary easing in order to rid the economy of deflation and a strong yen," said Shinzo Abe. Government plans to spend $ 117 billion to support domestic trade. Adding to this the amount you spend to trade local governments, we find an astonishing 20 2 trillion yen.

Index Japanese sentiment in services rose to 45.8 points and economists it is a sign that the Japanese economy has already bounced back from rock bottom. The survey was carried out between taxi drivers and hotel and catering staff.Officially, the index called "Economy Watchers" (watchmen economy) and is very popular with macro data, it provides very accurate information about consumer and business trends. Japanese sentiment in January to mend his ways and significantly surpassed by 5.8 points December 40 points. Improved and forward-looking index, which predicts confidence in the economy and from the December 41.9 points to 51 points.

Currency pair EUR / JPY has strengthened significantly yesterday and again came to new highs. Japanese yen for a longer period of time weakens against other currencies. Yesterday the euro rise, however, was extremely steep. Euro thrived due to reports from the European Central Bank to leave interest rates and the improving state of the economy. EUR / JPY is currently trading near the upper limit of the channel and could correct the sharp rise. The trend remains clearly growing.

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