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To: GST who wrote (40208)2/15/1999 9:45:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
GST,

<Last week they decided to bring the bucks home, tonight they said they would bring them home at a slower rate than was implied last week to head off a steep rise in their interest rates and their yen >

All that article said is that instead of 10 year notes, they will issue same amount in 2 year or 6 year notes. I don't know how that will change the fact they are selling bonds and buyers need fresh money to purchase the bonds. the only item that points at a source of funds is the Postal savings. But wherever that gets pulled from, it will need replenishment.

Other than printing Yen, all this seems like just shuffling money between accounts, and still needing to finance the new deficit in Japan Gov budget.

-Sarmad