The Japanese government revealed the new budget that is planned for the next fiscal year. It features an increase of 6.6% to 88.5 trillion Yen – about 990 billion dollars 0 the highest budget ever. This move contradicts the government’s long term effort to reduce the budget and to reach a balanced budget by 2011. This bold move is intended to fight the recession that Japan entered in the third quarter. The forecast for 2009 is flat growth rate – 0%. This follows the sharp decline in interest rates – the BOJ lowered the rates to 0.1%. Though the rate change and the statement by the BOJ had little impact on the JPY, this additional move by the Japanese government will probably put more pressure on the Japanese currency, just before Christmas. So, the Japanese Yen is expected to fall against all currencies when the Forex market opens this week. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Opinions share Read Next Forex Weekly Roundup- December 15-19th 2008 Yohay Elam 13 years The Japanese government revealed the new budget that is planned for the next fiscal year. It features an increase of 6.6% to 88.5 trillion Yen - about 990 billion dollars 0 the highest budget ever. This move contradicts the government's long term effort to reduce the budget and to reach a balanced budget by 2011. This bold move is intended to fight the recession that Japan entered in the third quarter. The forecast for 2009 is flat growth rate - 0%. This follows the sharp decline in interest rates - the BOJ lowered the rates to 0.1%. Though the rate… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
