“The BOJ will double the monetary base by purchasing about 7.5 trillion yen of Japanese government bonds per month. It plans to extend the average maturity of its portfolio from three to seven years. And it will continue such actions until it achieves its inflation target. In other words, the BOJ is doing exactly what the Federal Reserve is doing. And for this it gets a warning from the U.S. Treasury ‘to refrain from competitive devaluation and targeting its exchange rate for competitive purposes’? The message came in the Treasury’s semiannual report on international exchange rates, released on April 12.”
http://www.bloomberg.com/news/2013-04-15/u-s-treasury-to-boj-do-as-we-say-not-as-we-do.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Speeding Ticket in Finland Costs Businessman $58,000
The IRS's recycled hard-drive coincidence
Tax havens explained: How the rich hide money
After three mistrials, judge dismisses case against Cliven Bundy and sons
Mexico ships first load of premium tequila to China
Republican battles for Medicaid funding turn to God and morality
Medical marijuana rally slated for Oklahoma Capitol Wednesday
SEC Head Nominee Mary Jo White’s Latest Conflict of Interest
Obama signs Russian human rights law, angers Putin
What’s Inside America’s Banks?
San Francisco requires licensing, insurance for dog walkers
World's first 'invisible' skyscraper planned for South Korea
U.S. Navy: Cost of strikes against Syria ‘nagging’ but not ‘extraordinary’
Irish man facing U.S. extradition for hosting largest child porn network on the planet
State Department: Bradley Manning had ‘chilling effect’ on foreign relations