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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Knighty Tin who wrote (10406)3/18/2004 2:57:44 PM
From: ild  Read Replies (3) of 110194
 
WASHINGTON (Dow Jones)--The Japanese government is considering cutting down the scale of the dollar/yen buying interventions that it has been conducting since last year, the major daily newspaper Mainichi Shimbun reported on its Web site Thursday.

With the Japanese economy steadily recovering and successive critical remarks coming from officials of other major countries, such as the U.S., the government has judged that the days of using massive interventions as a means to support the economy are coming to an end, international financial sources told the daily, the report said.

The Japanese media usually use the phrase "international financial sources" when they are referring to senior government officials who want to remain anonymous.

A similar report was carried by Nikkei Financial Daily a few days ago.
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