Japan important only as history lesson

[Taro Toporific]

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Reuters
Fri Jan 25, 5:56 AM ET
Bank of Japan Policy Board member Atsushi Mizuno speaks during an interview with Reuters at the central bank in Tokyo January 25, 2008. Japan's economy will remain at a standstill over the next few months but cutting interest rates would not give it much support, Mizuno said on Friday.

[Mulboyne]

[Mulboyne]

Reuters: No plan for sovereign wealth fund

Japanese Finance Minister Fukushiro Nukaga said on Friday that he has no plans to set up a government investment fund, or sovereign wealth fund, to manage foreign reserves, given risks of generating losses by managing foreign reserves aggressively. "At this moment I don't think we will have a sovereign wealth fund," Nukaga told a news conference after a cabinet meeting.