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George Soros Thinks Bank of Japan Policy Moves Are Dangerous
Posted by: CanadianValue (IP Logged)
Date: April 5, 2013 10:03AM
Way back in the the day George Soros became famous for "breaking" the Bank of England and forcing the country to devalue its currency. He made a billion dollars on that trade, which was back when a billion dollars was a lot of money.
Now rumor has it that Soros has made another billion shorting the Japanese yen.
In this interview he discusses what the Bank of Japan is now trying to do to finally shake off its 25-year period of deflation.
Guru Discussed: George Soros: Current Portfolio, Stock Picks