A twist with Messrs Posen and Shirakawa
This week, I was severely tempted to pursue the analogy of comparing 2012 with 2011 and 2010, especially as it relates to most people’s persistent belief that we live in a US-dominated world. But these two gentlemen stopped me. Thanks to Adam and Masaaki . Mind you, if weekly job claims rise again next week in the US, it might prove irresistible, more on that below. Or more likely, by the time of my weekend Viewpoint, it will perhaps be too late as the world’s scribblers will be all over the idea. Or will I? Because in fact, while next week’s job claims are by nature really important, the 27th BOJ board meeting and policy decision is also rather important. I think that this might create some fun and games. As for Adam Posen and the UK, whoever would have thought that irony could happen: Adam abandoning his dovishness at the same time as perhaps Shirakawa-san is becoming one? (I exaggerate, of course, but you get my drift.) Anyone for GBP/Yen? Or GBP/Swissy?