Abe’s Deflation-Slaying Third-Arrow Underwhelms

Well that escalated quickly… NKY -330 from Abe spike highs, JPY cracked back under 100 (55 pips from Abe spike), JGBs surging For about 2 minutes there it looked as if we were back on track and by the power of jawbone alone, Abe could lift Japan from its malaise. *ABE VOWS TO SLAY DEFLAT…

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Abe’s Deflation-Slaying Third-Arrow Underwhelms