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What do you think of Mr Nakagawa's threat to stop buying US Bonds denominated in dollars?  (Or see Economics section of Aug. 29 Salon, toward the bottom.)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 30th, 2009 at 01:30:57 AM EST
Presumably, the Bank of Japan is following the G-8 consensus (reached at the staff level), making lots of calls overseas from time to time. This has allowed substantial independence of financial bureaucrats. The practice will continue.

I will become a patissier, God willing.
by tuasfait on Sun Aug 30th, 2009 at 03:01:33 AM EST
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If it is not currently the case, the BoJ should consider retaining you as a spokesman!  ;-)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 30th, 2009 at 09:51:10 PM EST
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