Tuesday, Mar 20, 2007
BoJ supports the carry trade?
BBC: Japan holds interest rate at 0.5%
Japan's central bank has kept interest rates at 0.5% following last month's increase in the level.
The decision had been widely expected, with the bank facing political pressure not to raise interest rates too quickly with inflation still subdued.
Posted by monty @ 09:16 AM (158 views) Add Comment
6 Comments
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1. harold said...
Quite clearly the US (and others) pull the strings at the BoJ.
2. japanese uncle said...
All we know about the ownership of the BoJ is that the government is the 51% stakeholder, the rest 49% is undisclosed, which is extremely wierd considering the extremely public nature/implication of the Bank's operation. But rumour has it that the house of XXXXXXXXX keeps the majority of the 49%, plausibly. Besides successive governors of the BoJ have been known to have family connection to the powerful investment banks in Europe/US. They are simply taking advantage of the fact that people on the street are kept too busy minding their daily livelihood, such as BTL business, to see through this grand trick of this fraudulent central banking system.
Thus one should not be surprised if the BoJ is actually supporting the carry trade from behind.
3. layers said...
Those at the top of the pyramid will do whatever is necessary to retain the status quo, and so will always act in their own interests, which I would imagine wouldn't coincide with the general populace. And what this shows is that these private organisations, and we already know who the Fed consists of, are the 'hands behind the scenes' that pump up or deflate markets at their own whim and interests.
Are we beginning to see the 'man behind the curtain'?!
4. japanese uncle said...
Yes, indeed. What we are witnessing is the reversing of the progress of history, ie from (at least nominally) democracy to autocracy. This reactionary process must be desirable for those privileged class wishing to retain their status quo and vested interests, in which the best and the brightest do not necessarily win, but those with existing wealth and position can keep winning. The current tenant in the White House is an typical example. His family is one of the most powerful in the US, hence such obvious retard who cannot even structure short sentences on his own can play the President. In the future we will have to see much more of this sort of revolting phenomena in many areas. Welcome back to the medieval tyranny!
5. monty said...
JU
I'm somewhat out of touch with the latest conspiracy theories, especially those concerning the BoJ. Just who is the house of XXXXXX? I can think of Rothschild, Hapsburg, Windsor & Fraser but cannot imagine how they got their hooks into the BoJ. Perhaps you could elaborate?
6. Andy said...
Never been a fan on democracy. Whoever thought that power can be transfered on pieces of paper and a ballot box certainly was not a democrat.
But, we all need to play along with this pretence of democracy, it has been an old trick even since the medieval period when the Medici of Florence set up the so-called democratic local government "Signora" it allowed them to carry out there power grabbing while keeping the populace content, the trouble is these rulers where crafty and smart and deserved there positions. Today, we are run by a people who's cunning and deceipt has evaporated since they have been saturated in wealth and have never felt the grit of the earth to have any ambition to hold onto power.
So, it should be easy to take this power back. This will occur as demonstrated under Machiavellian theory of transition of states: Democracy falls to Anarchy falls to Tyranny falls to Democracy etc.