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

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To: 8bits who wrote (65179)7/4/2006 8:49:40 AM
From: russwinter  Read Replies (2) of 110194
 
BOJ has drained reserves off the last couple days from 15.88 to 13.07, but the meeting is July 13, so will have to get more aggressive to bring down to the 6.0-8.0 level. Analysts and economists seem mostly split on what they do, so a pause could really kick in the crack up boom trade, and would be very irresponsible.

Six of 15 economists surveyed after today's report said they expect the Bank of Japan to raise rates next week, and a further three said a July 14 increase is ``highly likely.'' The bank has kept borrowing costs near zero since March 2001.
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