“There’s no doubt that Japan’s economy is already in a recession,” said Kiichi Murashima, chief economist at Citigroup in Tokyo, in the article. “Political pressure for further monetary easing is building, and we expect the BOJ to take additional measures in January.”
The weaker yen has helped spur a rally the past week in iShares MSCI Japan (NYSEArca: EWJ), which has also seen trading volume surge.
“You really can’t look anywhere right now without reading about someone hating the yen,” reports Joe Weisenthal at Business Insider. “It’s really non-stop. Hating the yen — due to expected BOJ easing and a trade deficit — is the currency story of the moment.”
CurrencyShares Japanese Yen
