Tuesday, Jul 04, 2006

All eyes on Japan on the 14th July

BBC News: Mixed message on Japanese rates

The ministers responsible for Japan's economy have given conflicting messages to the Bank of Japan ahead of its interest rate meeting next week. The bank is widely expected to raise rates from zero for the first time in five years at its meeting on 14 July.

Posted by webmaster @ 04:55 PM (539 views)
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1. japanese uncle said...

Currently Mr. Fukui, governor of the BoJ is under political fire after the revelation of his participation in a questionable investment fund, involving many insider transactions including the infamous Horiemon's, which is widely believed to lead to his resignation. Not a few foresee rate increase before his resignation. "Goveror with no political future (he is 70 years old) can implement the less popular IR increase. He will be retiring soon anyway." is the notion behind such prediction. If Japan's cheap money supply will be cut once and for all, it is expected to have some impact to the global asset inflation including housing bubble in UK, which I hope should really be the case.

Tuesday, July 4, 2006 10:06PM Report Comment

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