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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (3323)2/16/1999 10:31:00 PM
From: BigShoulders  Read Replies (1) of 15132
 
Re: Japan etc.

Wally:

From the article:
<Global traders had hoped the BOJ's decision Friday to reduce the Japanese overnight call rate to 0.15 percent from 0.25 percent would give the JGB market more concrete support.
However, the continued high yield only underlines fears that the BOJ has not gone far enough.>

Looks like BOJ will have to lower interest rates to zero or below. Then they can pay interst to the borrowers!!!!

BigShoulders

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