1/7/2008 - the current market sentiment |
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The Japanese yen has been boosted recently by the decline of the equity markets by the end of last week on the new highs of oil prices above 140$ a barrel. The high oil prices dampen the demand and tackle the growth and can cause a stagflation. Last week we have seen again high inflation rates in Japan. May Core National CPI y/y has come at 1.5% from .9% in April and May National CPI m/m has come at 1.3% from just .8% in April but in spite of these inflation rate the bank of Japan has
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