G7 Gives Okay To Japan To Begin Tightening I R

[Realistbear]

http://today.reuters.com/investing/finance...P-JAPAN-BOJ.XML

G7 gives free hand on policy as BOJ aims to tighten

Sun Apr 23, 2006 1:12 PM ET

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By Tamawa Kadoya

WASHINGTON, April 23 (Reuters) - Group of Seven finance chiefs endorsed the monetary tightening trend of the three major economies at a meeting this weekend, giving a free hand to the Bank of Japan as it seeks to lift interest rates from zero.

The G7 said in a statement after Friday's meeting that a strong global expansion continued, supported by improved policies and "benign financial market conditions."

"That was an extremely strong declaration by central banks," a top finance ministry official of Japan's G7 delegation told reporters after the meeting.

Analysts said the outcome of the G7 meeting would not likely affect the timing of a

BOJ policy shift, seen as early as July

.

And those with IR sensitive assetts thought they had until the end of the year to unload?

Bring 'em on!

[Warwickshire Lad]

[Realistbear]

REUTERS have repeated yesterday's big financial news as if to make sure we got the message:

http://today.reuters.com/investing/finance...-BOJ-REPEAT.XML

RPT-G7 gives free hand on policy as BOJ aims to tighten

Sun Apr 23, 2006 6:50 PM ET

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(Repeats item first sent April 23)

By Tamawa Kadoya

WASHINGTON, April 23 (Reuters) - Group of Seven finance chiefs endorsed the monetary tightening trend of the three major economies at a meeting this weekend, giving a free hand to the Bank of Japan as it seeks to lift interest rates from zero

.