[lchoro]

More fictitious capitalism. Bank of Japan has recently increased their ceiling for dollar purchases in 2004 by roughly $ 400 billion. I think this is about $ 100 billion more than 2003. $ 400 billion equates to more than the $ 350-380 billion deficit that the Japanese government runs on its $ 850 billion annual budget.

[Orangedog]

It's bigger than that. Starwind posted a thread on this last night.

http://www.freerepublic.com/focus/f-news/1045763/posts

[imawit]

More fictitious capitalism.

If I read you correctly, I believe you may be right. Just a PR ploy, they haven't done it yet and if the USD drops another 10% before they write the check for the full amount, they may just buy less dollars next year than this.