by winston » Fri Jul 08, 2022 9:17 pm
Abe’s Death Raises Doubts Over BOJ Policy Support as Yen Gainsby Chikako Mogi, Aya Wagatsuma and Toru Fujioka
Abe had been a key supporter of BOJ Governor Haruhiko Kuroda’s policy of maintaining rock-bottom interest rates to support economic growth and had recently described the central bank as a subsidiary of the government.
"This may have an impact in the medium to long-term, and the markets will see a considerable appreciation of the yen and a decline in stock prices". “Abe had been supporting Bank of Japan Governor Kuroda. The bank’s policy could change as they would lose that backing.”
Source: Bloomberg
https://finance.yahoo.com/news/abe-shoo ... 57024.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"