Devastating Earthquakes, Catastrophic Tsunami, potential nuclear holocaust …. and now you can add massive inflation.
Compared to the BOJ , Ben Bernanke is an amateur hack.
If there is any question regarding manipulation in the market … that question has been answered.
The Bank of Japan injected 3.5 trillion yen ($43 billion) into markets on Wednesday. That came after injections totalling 23 trillion yen ($283 billion) over the past two days.
Zerohedge is reporting that:
According to PTI the BOJ has offered to add an additional ¥13.8 trillion today, to go with the tens of trillions already noted previously on Zero Hedge. If proven true, this would bring the total taxpayer backstop injected in just 4 days to $700 billion dollars!
Apparently in the middle of a crises the BOJ feels that the people need a great deal of folding money for all that impulse buying.
In addition the BOJ has also indicated that it will buy into the stock market if need be. On that news Toyota Motor Corp. shot up 9.1 percent, Sony Corp. rose 8.8 percent, and Isuzu Motors closed 10.5 percent higher. Kobe Steel soared 15 percent and Nishimatsu Construction Co. Ltd. jumped 5.8 percent higher.
See what ¥55.6T can buy you? In the USA the WS banks do it through their Washington connections.