by Gerardo Del Real
September may very well be the most important month of the year for gold.
I’ve explained before that Japan doesn’t have a sustainable choice. I also explained it would be forced into a stimulus program to appease the citizenry and diversify its approach towards its stated goal of 2% inflation.
The government late on Tuesday detailed a package of financial measures that it said was worth ¥28 trillion ($US277 billion), equal to more than five percent of Japan’s gross domestic product.
The move followed a disappointing stimulus package announced last week which included only a slight rise to its monetary stimulus in the form of an increase in purchases of exchange-traded funds (ETF) and maintained the pace of purchases for Japanese bonds.