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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Robin Plunder who wrote (101329)6/20/2013 10:28:00 PM
From: bart13  Read Replies (1) | Respond to of 217557
 
I sure wouldn't put it past the BoJ or MoF to try and create trouble for China, but in this case I think it's more about "actions always reverberate around the world" and more initiated by the Fed than the BoJ via the Fed loosening up on Treasury rate control. The Fed probably let the BoJ know what they were going to do, most CB's being co-operating partnerships in the great fiat game.

The SHIBOR issues started about a week later around the 31st, where rates and the yen move started around the 22nd. The SHIBOR crunch seems to have much more to do with the PBoC trying to stand more firm on credit creation than anything else, at least from what I know and surmise now.