"That's the place we're in right now, " John Atkins, a fixed-income analyst at IDEAglobal, told Forbes.com.

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"The bottom line is Japan doesn't want to hurt exports, " said Kevin Chau, a senior currency strategist at IDEAglobal.

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Josh Stiles, managing director at Ideaglobal went even further to warn that a QE3 package could result in more risks for the economy ahead.

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