Mlava

The fallout from the heavily speculated government rescue of invalid mortgage giants Fannie Mae and Freddie Mac has already begun. In fact, the toll on the JPY was almost immediate after the announcement that the U.S. Treasury would take over as online trading activity tilted toward a rash of carry trades that sent the JPY [...]

To help Japanese citizens with high fuel and food prices, the government is considering an economic stimulus plan. Speculation has placed the size of the stimulus package around 2 to 3 trillion yen ($18.35 to $27.53 billion in USD), although no formal announcement has been made yet. Some anticipate that it may be as much [...]