Jan 31 2013

Japanese Prime Minister Shinzo Abe Close to the Selection of a New Governor of BOJ

Japanese Prime minister Shinzo Abe is close to the selection of a new governor of Bank of Japan who can boost monetary stimulus to spur inflation.

Today date showed an increase in the unemployment rate and decrease in household spending. Japan economy is looking for a stimulus to boost growth as Japanese currency fell against dollar and Euro. 

Rate Range Projection by Bank

Next Week          
    89.00 - 92.50
Next 3 Months    
    85.00 - 95.00