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22 Apr 2013
Forex Flash: Abenomics supported internationally and domestically - Nomura
FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that Prime Minister Abe’s economic policies are gaining support not only from domestic voters, but also from the international community.
He notes that G20 Finance Ministers and Central Bank Governor´s meeting last week concluded without any direct objections to Japanese economic policy and recent JPY weakness. He writes, “We think key policymakers, Prime Minister Abe, Finance Minister Aso, and BOJ Governor Kuroda, are all likely to be more confident about their economic policies now. Their economic policy stance is unlikely to change for the time being, with broader support both domestically and internationally, which means the recent market trend is also more likely to continue in the near future.”
He notes that G20 Finance Ministers and Central Bank Governor´s meeting last week concluded without any direct objections to Japanese economic policy and recent JPY weakness. He writes, “We think key policymakers, Prime Minister Abe, Finance Minister Aso, and BOJ Governor Kuroda, are all likely to be more confident about their economic policies now. Their economic policy stance is unlikely to change for the time being, with broader support both domestically and internationally, which means the recent market trend is also more likely to continue in the near future.”