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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (37255)9/15/2005 12:23:59 PM
From: John Vosilla  Read Replies (1) | Respond to of 116555
 
I doubt most leveraged speculators in RE have any interest in the stock market.



To: Knighty Tin who wrote (37255)9/15/2005 1:06:12 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Japan ‘close to’ tighter monetary policy
By David Pilling in Tokyo
Published: September 14 2005 17:20 | Last updated: September 14 2005 17:20

The Bank of Japan is “very close” to ending its ultra-loose monetary policy, its deputy governor said yesterday, although he stressed that current policy would be maintained until deflationary expectations were eradicated.

Kazumasa Iwata, speaking at a cabinet office conference, said that, by some measures, deflation had already been squeezed out of the economy.

Stripping out electricity and telephone charges – which have been falling fast because of deregulation in those industries – the “core core consumer price index” was already stable, he said.

“I think we are very close to the exit,” he said, referring to an end of the quantitative easing policy introduced in March 2001 by which the bank floods the market with far more liquidity than is needed to drive overnight rates to zero.

news.ft.com