"I heard about that announcement concerning the non-release of bank audits but am searching for a link."
Defrocked,
sorry, I seldom bother to "file" articles that I read. As I remember, it was not a head line story, just a "by the way" type also-mentioned. With so much news from the area, it is not surprising that no one picked up on the significance of that news. To me, BOJ is fully aware how ugly the numbers are and are unwilling to reveal them to their citizens, not to mention the rest of the world.
The committee of ten, though I don't know any of them, sure looks like a list of the goodest and the oldest of the good old boys, further supporting the speculation that Japan is betting on a soft landing recovery and no major surgery is needed.
I believe the two biggest indicators of the day are the yen and the HK market, both are being manipulated by unnatural forces. To render an opinion under these complex conditions almost guarantees eggs-on-face. I think I am just going to sit back and watch this economic soap opera unfold.
Ramsey |
