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

To: Larry S. who wrote (64696)	6/27/2006 7:41:40 PM
From: ild	Respond to of 110194

<<<China will decide when it is no longer in their interest to buy our treasuries>>> This is equivalent to say that China will refuse to take USD in exchange for their goods.

To: Larry S. who wrote (64696)	6/28/2006 4:13:41 AM
From: shades	Read Replies (1) \| Respond to of 110194

he indicated that our grandchildren might be the servants of his. I saw an episode of stargate where the chinese scientists tells daniel jackson that pretty soon the stargate program may be based in china. In the early 1900's the communists in china were only what 300 people strong? Now they are the largest political body in the world no - over 70 million members eh? (didn't bernanke recently say the markets were confused by his recent talk? hehe) BOJ Nishimura: Must Minimize Confusion On Future Policy TOKYO (Dow Jones)--Bank of Japan board member Kiyohiko Nishimura said Tuesday that the central bank should minimize possible confusion about future monetary policy stemming from possible "conflicting signals" by the board. "To avoid this unpleasant consequence of the democratic Policy Board system, we should make it clear that only the Governor, who is the chairman of the Policy Board, represents it with respect to monetary policy," Nishimura said at Uppsala University in Sweden. The BOJ released the text of Nishimura's speech Wednesday. Nishimura also stressed his basic message: do not speculate about the Board's policy direction based on one quote from one member. His or her vote is only one of nine, though admittedly it contains important information about the group's direction. "It is informative but not decisive. The market should infer the future course of monetary policy mostly from the Governor's statements and the minutes of the monetary policy meetings," the board member said. In line with BOJ protocol, policy board members should avoid expressing their own views about immediate policy rate changes beyond those stated in the minutes of the policy decision meetings and official reports of the Policy Board, he said. However, they can speak up in terms of their views on future economic developments. "I know that it is a delicate balance, and both the Board and the general public must learn this balance going forward," Nishimura said. Nishimura, regarded as a neutral board member of the nine policymakers, didn't offer a timetable for ending the zero-interest-rate policy. On March 9 the BOJ ended its five-year-old quantitative easing and returned to a traditional monetary policy targeting the unsecured overnight call loan rate. The central bank said that it will keep the zero-rate policy for the time being and gradually adjust short-term interest rates in a way that reflects economic and price conditions. Market players are focusing on whether the BOJ will end the zero-interest-rate policy at the July 13-14 policy decision meeting. Nishimura also said that the BOJ usually reaches policy decisions unanimously, although there are occasional dissenting votes. -By Hiroshi Inoue, Dow Jones Newswires; 813-5255-9203; hiroshi.inoue@dowjones.com -Edited by Tomoko Hosaka (END) Dow Jones Newswires June 28, 2006 01:55 ET (05:55 GMT)