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Bank of Japan to Add More Money to the Economy
Bloomberg ^ | April 30, 2003 | Mayumi Otsuma and Kanako Chiba

Posted on 04/30/2003 2:16:28 AM PDT by bruinbirdman

Edited on 07/19/2004 2:11:15 PM PDT by Jim Robinson. [history]

The Bank of Japan unexpectedly decided to add more cash to the economy as Governor Toshihiko Fukui said he shared investors' concern about a ``possible crisis'' after the Nikkei 225 Stock Average fell to a 20-year low.

The bank raised its target for reserves it makes available to lenders to as much as 27 trillion yen ($226 billion) from a maximum of 22 trillion yen. The bank kept monthly government bond purchases unchanged at 1.2 trillion yen and didn't say how it planned to increase the supply of money for banks.


(Excerpt) Read more at quote.bloomberg.com ...


TOPICS: Business/Economy
KEYWORDS: foreigncurrency; inflation; japan

1 posted on 04/30/2003 2:16:28 AM PDT by bruinbirdman
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2 posted on 04/30/2003 2:33:03 AM PDT by bruinbirdman (Buy low, sell high)
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To: bruinbirdman
Remember all those books back in the early 80s how Japan was going to rule the world...

Today's version is how China is going to rule the 21st century. Note to Pat Buchanan, author of a book saying so, it's not going to happen.

3 posted on 04/30/2003 2:58:37 AM PDT by AmericaUnited
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To: AmericaUnited
Remember all those books back in the early 80s how Japan was going to rule the world...

Today's version is how China is going to rule the 21st century. Note to Pat Buchanan, author of a book saying so, it's not going to happen.

Did Japan ever control the Panama Canal?

4 posted on 04/30/2003 5:14:18 AM PDT by The Duke
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To: The Duke
No, so? Is that supposed to be meaningful in some way?
5 posted on 04/30/2003 2:52:50 PM PDT by AmericaUnited
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To: AmericaUnited
Yes.
6 posted on 05/01/2003 12:46:03 PM PDT by The Duke
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