Some of the headlines and article traders in Asia will be waking up to this morning:
Abe OKs ¥20 trillion-plus economic stimulus plan
Abe approved Thursday a fresh economic stimulus package worth more than ¥20 trillion to help Japan out of chronic deflation … package … will be formally approved by the Cabinet on Friday.
Banks Giving Cold Shoulder To BOJ’s Funding Offers (Gated article)
Bank of Japan’s market operations for fixed-rate funding are suffering bidding shortfalls
Japan Auto Union to Skip Base Wage Hike Request for 4th Year
Tax Hikes To Hit Japan’s Wealthiest
FT: Yen traders take ‘Abenomics’ crash course (Gated)
“Expectations [for yen weakness] are running so high right now, that it may be challenging to deliver what the market is hoping for,” says Vassili Serebriakov, a forex strategist at BNP Paribas in New York.