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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (24231)1/8/2005 1:23:54 PM
From: philv  Respond to of 110194
 
This article was posted a couple of days ago, maybe on this thread?

" Jan. 6 (Bloomberg) -- Bank of Japan Governor Toshihiko Fukui said the central bank will keep pumping money into the world's second-largest economy until price increases are sustained."

bloomberg.com

I just see more of the same. The BOJ is just an extention of the FED. They ought to have a permanent seat when the FED meets, but I guess that would be a little too obvious?



To: russwinter who wrote (24231)1/10/2005 2:01:37 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Heinz replies:
well, Japan's ministry of finance is quite transparent w.r.t. intervention information. there has been no yen-dollar intervention since qu. 1 of 04:

mof.go.jp

they were quite busy though from January to March (no doubt parking the money mostly in ST US debt).

the fact that the dollar claims accumulating overseas due to the US current account deficit end up at least partly in US govt. debt paper shouldn't be too surprising. what else are they going to do with the stuff? patch leaky roofs?