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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (16068)	3/4/2002 4:03:34 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

It is only a blip, Mq.

To: Maurice Winn who wrote (16068)	3/20/2002 6:41:37 AM
From: Maurice Winn	Respond to of 74559

Well Mq, it seems there was some Ju Jitsu on those betting against Japan and now the end of month worries are over <TOKYO -- The Bank of Japan (BoJ) left monetary policy unchanged on Wednesday amid dissipating fears of a financial crisis before the end of the fiscal year this month. But analysts said the central bank should shift its focus to halting deflation in Japan rather than short term measures to avoid a credit crunch. The BoJ decided by a majority vote to leave the level of money it authorises banks to deposit as reserves at between 10-15 trillion yen (US$76.3-114.5 billion) and reiterated a pledge to raise the amount if necessary. The current account balance, which came to 17.3 trillion yen on Tuesday, has been kept at high levels to ensure ample liquidity in the financial system amid fears of a banking crisis before the end of this month, just ahead of a partial lifting of guarantees on bank deposits. 'I am not surprised,' said Commerz Securities chief economist Ron Bevacqua of the BoJ decision. 'There is no concern now about a March financial crisis.' ... contd...> straitstimes.asia1.com.sg Mqurice