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To: long-gone who wrote (47820)	2/3/2000 9:30:00 AM
From: lorne	Respond to of 116759

Japan's Miyazawa sees low rate policy effective curb on deflation Tokyo--Feb 3--Japanese Finance Minister Kiichi Miyazawa said Wednesday that the Bank of Japan's efforts in keeping interest rates near zero was having the same effect on curbing deflation as recent debate on the adoption of "inflation targeting". Miyazawa's remarks were made in relation to the fact that ruli ng Japanese lawmakers have started studies on adopting monetary policy aimed at creating inflation. (Story .26068) Swiss Press: World Gold Council urges pension funds to buy gold Zurich--Feb 2--The head of the World Gold Council says Swiss pension funds should invest in some of the gold to be sold by the Swiss National Bank, and the country should ensure that the gold is not simply swapped for foreign currency, but retained as an anti-inflationary hedge, the Finanz und Wirtschaft newspaper reported. WGC head Haruko Fukuda told the paper Wednesday that Swiss pension funds "should hold at least 3% to 4% of their funds in gold." (Story .12213) crbindex.com