November 4, 2008
Stefan Worrall, vice president of Japan equity sales at Credit Suisse Group, talks with Bloomberg's Bernard Lo from Tokyo about the Bank of Japan's interest rate cut and its impact on the nation's banks and real estate market, the outlook for the yen and Japanese exporters. Governor Masaaki Shirakawa and his board last Friday cut the key overnight lending rate by 20 basis points to 0.3 percent, abandoning a two-year struggle to raise the lowest borrowing costs among major economies.
ETFs/Stocks :
- CurrencyShares Japanese Yen Trust (FXY) $99.05 -1.37 (-1.36%)
- The relationship chart between the yen and the S&P
- Bank of Japan cut interest rate by 20 basis points
- Japan announced a 27 trillion yen ($275 billion) stimulus package
- Bloomberg Video: Worrall Sees Consolidation Pressures for Japan Exporters, November 4, 2008
This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.
You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.
No comments:
Post a Comment