| Japan s Sengoku: no comment on forex (at Reuters) Japan s top government spokesman declined to comment on exchange rates on Friday. I am not in the position to comment on currency rates, Chief Cabinet Secretary Yoshito Sengoku told a news conference. us.rd.yahoo.com |
The Fed Isnt Easing Monetary Policy (at Forbes) Most central bankers view monetary policy as influencing the rate of growth of the money supply to achieve their objectives. For a while after October 1979, the FOMC tried to control the money supply directly through open market operations and the Thursday money data was watched with great interest. us.rd.yahoo.com |
Asia Markets: Exporters drag Nikkei to 16-month low (at MarketWatch) Japanese shares finish at the year s low, pressured by a yen that stayed close to 15-year highs against the U.S. dollar, as investors look to Tokyo for coordinated action to protect the economy from the currency s appreciation. us.rd.yahoo.com |
Exchange rate conflict looms [at Financial Times] - A looming conflict over exchange rates promises to dominate next month s summit of the G20 leading economies in Seoul. us.rd.yahoo.com |
Bank of Korea considering gold purchases: report South Korea is considering buying gold to diversify its foreign exchange reserves, according to a report Tuesday in the Financial Times. Seoul, which holds about 63% of its reserves in U.S. dollars, is believed to have shifted its official skepticism towards bullion at a time when other central banks in Asia are stocking up on gold amid concerns over the weak dollar, the report said. us.rd.yahoo.com |