Video: Japan's woes; PM quits, ratings cut, deflation, strong yen

Andrew RobinsonAndrew Robinson , Market Analyst
Filed in Macro Digest
Singapore, 26 August 2011 at 13:29 GMT+0
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Japan definitely stole the headlines in Asia this week. It started with a credit ratings downgrade by Moody's and then the announcement of new government measures to counter appreciation of the Japanese yen. It ended with the resignation of the prime minister and the release of July CPI data which, though showing a slight improvement, confirmed that the weak economy is still struggling to break out of a deflationary environment. Andrew Robinson, Correspondent for Saxo Capital Markets, discusses Japan's troubling situation.

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Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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