Japan’s Economic Minister Wants Nikkei to Surge 17% to 13,000 by March; Contender for Bank of Japan Supports Additional Easing

Japan’s Economic Minister Wants Nikkei to Surge 17% to 13,000 by March; Contender for Bank of Japan Supports Additional Easing

February 12, 2013 0 By News Desk
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In addition to stock market cheerleading and targets from Japan’s economy minister, Yen Weakens as Candidate for Bank of Japan Promotes Easing . Japanese stock futures rose and the yen weakened after Haruhiko Kuroda, a potential contender for Bank of Japan chief, said additional monetary easing can be justified this year.“If we do see a BOJ Governor of Kuroda’s calibre, the dollar-yen could well punch through 95 and would head to 100 very quickly,†said Evan Lucas, Melbourne-based market strategist at IG Markets Ltd., a provider of trading services.

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Japan’s Economic Minister Wants Nikkei to Surge 17% to 13,000 by March; Contender for Bank of Japan Supports Additional Easing