theprof00 on 19 December 2012
@train wreck
it's actually the opposite. Early this year was a round of easing...which is what set the exchange rates off, but then the euro and us crises impeded any gains so it went back down. This most recent action has been a result of euro and dollar markets genuinely strengthening, no exchange rate actions have been taken yet. Abe was only just elected and none of his measures have been passed yet.
ie; the rally is happening now, and the policies were happening then, not the other way around.
