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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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