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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Taikun who wrote (65114)7/2/2006 8:10:09 PM
From: booyaka  Read Replies (2) of 110194
 
Japan's deflation isn't beaten yet, Finance Minister Sadakazu Tanigaki said

Koizumi is expected to officially declare victory over deflation (so he can take credit for it) before he leaves office at the end of Sept. From what I've read, he's most likely to do it during the upcoming G8 summit (mid-July) or when preliminary Q2 GDP data are released (around 10 Aug, I believe). Once he does, the BOJ will have a green light to pull the plug on ZIRP. By the same token, the BOJ may be unlikely to move before the official proclamation is made, out of courtesy to Koizumi (especially now that Fukui is in hot water).
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