BOJ PBOC Currency Swap: Saving Panasonic’s China Market Disaster

The on again off again currency swap deal between the Bank of Japan and the People’s Bank of China is on again for the tune of a curiously small sum of 3 Trillion JPY. Those in the know say that kind of sum is useless for anything more than helping out a company or two, in this case a life raft for Panasonic’s disastrous China market business.