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Japan’s New Stimulus May Trigger Yen Avalanche, Soros Says

The Bank of Japan’s move to expand monetary easing may trigger “an avalanche” in the yen as Japanese put money elsewhere in anticipation of sustained currency depreciation, billionaire investor George Soros said.

Calling the expanded stimulus “a sensation” and “a very daring undertaking,” Soros said policy makers may not be able to arrest the fall in the yen and capital flight as the new policy was adopted after 25 years of mounting government deficits and failure to rejuvenate the economy.