The Bank of Japan has spent more money on Japanese bond purchases than emitted (¥80,96 trillion against ¥80,78 trillion).
The Bank of Japan’s mandate forbids this. However, the rule doesn’t apply to the assets purchased for temporary support. The central bank is said to continue bond purchases. In particular, the next purchase is estimated at ¥45 trillion.
The Japanese government had to boost the public spending by ¥44 trillion to restore the Japanese infrastructure after the devastating earthquakes and tsunamis in 2011.
Forex.
According to , the Japanese Yen is weakening against the US Dollar. However, the experts report that USDJPY is still forming big-scale downswing represented by wave А/В of level Weekly. At this point, the currency pair has finished sub-wave А(С) or shortened С and is currently forming sub-wave В(С) or wave А/В of a bigger-scale timeframe.
A further rally will probably encounter resistance around 80.08. If it is broken, the wave level of the bullish move will increase. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 77.65 (as shown below).
