I just dont see how the BOJ would make such a bold step. While I personally dont believe that Japan will ever default, the Japanese politicians (like thier US counterparts) and BOJ are very concerned about the Japanese debt situation. And the domestic banks hold most of the Japanese govt debt. So for the Japanese govt to push for their banks to bail out European govts (where there is a very real risk of default) just to weaken the yen…. seems a bit of a stretch.
I just dont see how the BOJ would make such a bold step. While I personally dont believe that Japan will ever default, the Japanese politicians (like thier US counterparts) and BOJ are very concerned about the Japanese debt situation. And the domestic banks hold most of the Japanese govt debt. So for the Japanese govt to push for their banks to bail out European govts (where there is a very real risk of default) just to weaken the yen…. seems a bit of a stretch.
Agreed, as stated.