Money Printer is brrrrrring in over drive for Japan now.
They sold dollars to keep it from plunging further but the QE gate has been opened bigger now.
They sold dollars to keep it from plunging further but the QE gate has been opened bigger now.
Japan unveils massive spending package
The government wants to tackle inflation and a weak yen
The Japanese government has announced an economic package worth around 39 trillion yen (nearly $270 billion) to support the economy amid rising inflation and a weakening national currency, broadcaster NHK reported on Friday.
The package includes local and central government spending, and is “aimed at overcoming rising prices and reviving the economy… to protect people’s livelihoods and businesses,” Prime Minister Fumio Kishida told reporters in Tokyo.
