How to Play the Impending Yen Depreciation

Last week, I wrote about the the incoming Japanese government and its plans to force the Bank of Japan to directly monetize the issuance of new Japanese Government Bonds (JGBs). Regardless of whether the government actually succeeds in this, it is beginning to become clear that the BOJ is responding to political pressure that's demanding it stimulate the economy with much more aggressive monetary measures.

If the BOJ does implement this strategy, it will essentially and in actuality adopt the nominal gross domestic product (NGDP) targeting system of monetary policy. Over the past few years, this has been widely discussed as a potential route for the U.S. Federal Reserve and for the European Central Bank, as well....377 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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