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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (2264)7/6/2000 10:06:55 AM
From: pater tenebrarum  Read Replies (1) of 436258
 
TOKYO ( Reuters ) - Japan's central bank is looking increasingly lonely in its campaign to raise interest rates from zero as
opponents ranging from the powerful Finance Ministry to the U.S. Treasury Secretary gang up against it.

But most economists were still betting on Thursday that the Bank of Japan will stick to its guns and, for better or worse, sanction
the economy's first rate hike in a decade by the end of the year.

Apparently unimpressed with recent brighter economic signs, U.S. Treasury Secretary Lawrence Summers kept up the pressure
on Wednesday before a weekend Group of Seven meeting, saying Japan needed to ensure it gets its economy into a virtuous
growth cycle.

ho ho ho, Larry worried they might cut off the BUBBLE FUEL...
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