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yakinoumiso wrote:My neighbors have a couple of hens and a cock, but they're not so annoying. The ones my neighbor kept when I lived in Seattle were obnoxious, and drove the dogs nuts...especially my great dane, since he *could* look over the fence.
omae mona wrote:Anybody know who this bird is?
Statue of Phoenix in Byodoin Temple
cstaylor wrote:No, but look at the previous Democrat administrations, and you'll see an aversion to Japa-Skankster wrote:It seems like all Japanese Oyaji are pro-republican
n.
TOKYO, Nov 18 (Reuters) - Japanese Finance Minister Sadakazu Tanigaki said on Thursday that Japan would take appropriate action if moves in the currency market were too rapid.
Asked whether he thought the recent rise in the yen was rapid, he told reporters: "If that is the case, we must take due action."
NEW YORK, Nov 17 (Reuters) - The Bank of Japan signaled that the yen's recent appreciation against the dollar is not an immediate concern for the world's second largest economy, the Nikkei Financial Daily said in an article to be published on Thursday.
"Honestly, I don't think a strong yen is a major risk factor for the economy," said a senior BOJ official quoted by the paper.
"The impact from the recent yen strength isn't likely to be big," the official added.
Known as Mr. Yen, Eisuke Sakakibara, a professor at Keio University and former vice finance minister for international affairs, believes that as long as the market sees that the United States is relying on a dollar-weakening policy to reduce its huge deficit, the gradual weakening of the greenback will be inevitable.
In an interview with Asahi Shimbun senior staff writer Manabu Hara, Sakakibara said he thought the yen's rate against the dollar would climb to the 90-95 range within the next three to six months.
Q: The dollar has continued to weaken gradually on the currency market. What's the market's view of the dollar?
A: The major cause of the weakening dollar not only vis-a-vis the yen but also against other currencies stems from the U.S.'s huge twin deficits.
The U.S. deficit has accumulated under the current Bush administration, but the market now sees that the perception of Americans, including government authorities, business executives and economists, is that a weakening dollar is the only way to reduce the current account deficit in a relatively short period of time.
I don't know whether such a view is justified or not, but as long as that's their prevailing view, the dollar will inevitably weaken. I think that over the next three to six months the yen will rise to the range of 90 to 95 yen. The euro will rise to 1.40 to the dollar within the same period.
Anyone have any ideas where I could find something like this?
Mulboyne wrote:omae mona wrote:Anybody know who this bird is?
BOJ web site says:Statue of Phoenix in Byodoin Temple
Charles wrote:BTW, I was browsing through the Kojiki and was reminded of what that bird is. It's the phoenix that called Amaterasu out from hiding in a cave, sparing the world from darkness. It's a long story.
maraboutslim wrote:Is that really what it says in the Kojiki? I remember the story being that a mirror was placed facing the cave and some jewels were put around on a tree or something and then they danced and sang. Amaterasu came out to see what was going on and liked her reflection in the mirror (hey, she was the sun god after all and who doesn't like sunlight?) and stayed and the world was light again. I don't remember anything about a Phoenix (except from Greek mythology).
Where did I get my version? The Nihon Shoki?
The yen traded near a five-year high against the dollar in Asia on speculation some European finance ministers will at a meeting today add to calls for Asia to accept stronger currencies.
Japan's currency may rise further as European policy makers demand Asia absorbs more of the dollar's drop because of a record trade deficit to ease pressure on the euro. The yen last week rallied against the dollar and the euro after European Central Bank Chief Economist Otmar Issing and President Jean-Claude Trichet voiced concern about the euro's strength.
``The yen will stay on solid ground as we're seeing European central bankers and politicians alike unifying to speak out against a stronger euro,'' said Shimpei Uike, an investor of overseas debt at Asahi Life Asset Management, which manages the equivalent of $10.5 billion.
The yen traded at 102.08 against the dollar as of 11:30 a.m. in Tokyo, from 102.02 late on Jan. 14 in New York, according to electronic foreign-exchange trading system EBS. On Jan. 14 it rose as far as 101.78, the strongest since January 2000. The yen may gain beyond 101 per dollar this week, Tokyo-based Uike said.
Feb. 17 (Bloomberg) -- The yen may rise as much as 10 percent to 95 a dollar this year and the government shouldn't try to halt the advance, Japan's former currency policy chief Eisuke Sakakibara said.
A 2.4 percent slide in Japan's currency this year ``is over,'' and it will gain past 100 to the dollar in the next few months as investors realize the U.S. Federal Reserve will stop raising interest rates, Sakakibara said in an interview yesterday in Tokyo.
The Japanese economy can cope with a stronger currency, and the yen may appreciate as far as 90 per dollar before the Ministry of Finance takes action to stop it, he said. Gains in the currency can slow economic growth by eroding the profits exporters earn on overseas sales.
``Breaking 100 is just a natural market move, which authorities should let happen,'' Sakakibara said. A level of ``95 yen for the Japanese economy at this moment is not disastrous. If it goes beyond 90, and goes to 80 or 70, I would recommend intervening,'' or selling the currency....the rest...
Mels wrote:Damn, I miss the days the yen was 360 to the $
The yen may rise for a third day in four against the dollar in Asia on speculation a government report today will show an index of Japan's economic indicators rose, signaling a recovery in the world's second-biggest economy.
Taro wrote:The yen may rise beyond 100 per dollar this year, Fink said
mr. sparkle wrote:... Bring on the phat ex-pat package and Shinjuku bachelor pad in the sky, baby!
The ceremony is held at Kaguraden, Naiku to report to the kami the beginning of the distribution of Jingu Taima and the calendar to worshipers.
Captain Japan wrote:The government has been hoping, praying, talking about, cheering for this "recovery" for about 15 years now. It never happens, no matter the data released. And nobody ever calls them on this folly either, instead sticking with the same wording: recovery. That is amazing. At what point down the line - 20 years? 50 years? - do we finally stop with the recovery bullshit and get to say, "Japan, you just plain suck."
mr. sparkle wrote:I just applied for the position called some'm like Technical Trainer-Customer Training Associate.
not to keep spreading doom and gloom, but I'll wager at least 1 Euro or one dollar that the Japanese economy is going to keep slumping. The Nikkei shouldn't be used as a index of Japanese recovery. Its dominated by big companies like sony which produce most of their units outside of the Japan for export into the US. The only reason why its doing better is because consumer spending is marginally higher in the US this year over the recession years in 2000~2002. Its really sad to watch Japan go from an economic powerhouse of its own accord to being utterly reliant on the domestic market of the United States for economic growth. Koizumi has actually adversly affected the domestic market by artificially keeping the Japanese Yen low against the dollar. For a state that is utterly reliant on foreign trade to keep it alive (such as 40% of its food, most of its raw materials and petroleum ect), lowering the Yen decreases the ability of the consumer to pay for these objects, which makes them spend less overall. Traditional Macro economic leavers such as interest rates don't work, as the interest rate now is at zero percent with no growth. Even making more money hasn't work as the Bank of Japan has been buy more bonds and deflation continues (as well as no growth). Government spending has been compeltely mis accrued in to more construction projects which doesn't help consumer spending. And the limitless money pool that Japan has is fast drying up Public Debt now is at 135% GDP. Although most of this is locked up in the Japan, its getting to the point (called the debt trap) where growth in Japan cannot offset the cost of the debt, which is a very scary prospect. Here I'll quote a Economist article because it says it better.
An Asian man was trying to exchange yen for dollars and asks the
American bank teller, "Why it change? Yestoday I get two hunat
dollar fo yen - today I get hunat eighty? The bank teller says,
"Fluctuations." The Asian man says, "Fluc you white guys too!"!"
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