BOJ PBOC Currency Swap: Saving Panasonic’s ChinaMarket 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.