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To: mishedlo who wrote (52748)2/5/2006 5:13:19 PM
From: kris b  Respond to of 110194
 
Every article of his I read he has some good points and usually some horrid ideas blended in as well

Nobody is perfect and people have different point of views.
I like reading all sorts of opinions regardless whether I agree or disagree. It broadens my intellectual horizons. I was subjected to ONE PARTY opinion for a long time and I hated it with my whole heart. It is time for some fresh air.

From reading him over the years I gather that he is an inflationist, and I disagree with him on this one.



To: mishedlo who wrote (52748)2/6/2006 12:55:58 AM
From: shades  Respond to of 110194
 
DJ Japan Tanigaki:Govt, BOJ Must Continue Fight Vs Deflation

More PROOF the banks got the gubbment in thier pocket - Mish I thought the founding fathers said Concentration of Power was bad?

TOKYO (Dow Jones)--Japanese Finance Minister Sadakazu Tanigaki said Monday that the government and the Bank of Japan must continue fighting deflation because the country is still mired in a mild price-falling trend.

"Japan is still in mild deflation. That means the government and the BOJ must keep fighting against it in unison," Tanigaki told the budget committee of the Lower House of Parliament.

Asked about the central bank's independence, guaranteed by the BOJ Law, in policy decisions, the finance minister emphasized the need for coordination between the two sides.

"It won't do for the government and the BOJ to be facing different directions (on policy). In that sense, it is important for the government and the BOJ to coordinate policies, and that is what we are doing at the moment," Tanigaki said.

While the conditions for ending the bank's super-easy "quantitative easing policy" are slowly but steadily falling into place, the government is generally wary about an early end to the policy.

BOJ Governor Toshihiko Fukui and other leaders have been saying that the chance of scrapping the policy is increasing "toward the fiscal year 2006" starting in April.


By Takeshi.Takeuchi, Dow Jones Newswires; 813-5255-2929; Takeshi.Takeuchi@dowjones.com

(Miyako Takebe contributed to this story)

-Edited by Chris Gallagher


(END) Dow Jones Newswires