Price is the only indicator.
Something afoot in GBP? 8 replies
BOJ website under attack 0 replies
What is BOJ's Fukui speaking on tonight? 4 replies
BOJ Meeting Minutes at 1 AM ET 2 replies
Any idea what time is BOJ announcement? 4 replies
Quoting Spectre2006DislikedBOJ defending dollar.Ignored
Quoting Spectre2006DislikedOn September 11th, the Prime Minister was re-elected with
tremendous support. An issue that he based his re-election on
was the privatization of Japan's post-insurance arm, the Kampo.
I understand legislation will move toward the Diet to reform
Kampo by offering a competitive environment for the United
States insurance industry. United States life insurers make up
an estimated $38 billion in annual policy premiums in Japan. As
Tokyo moves forward in privatizing Kampo, a transition period
will take place. Regardless of the amount of time the Japanese
deem necessary to transition into a competitive market, I urge
the Japanese to conduct the Kampo reform in an open and
transparent process which will eliminate any hint of unfair
practices. A transparent process is tremendously important.
I am also concerned about regulations imposed on the
medical device industry. The decision to establish
reimbursement rates based on foreign pricing is perplexing. I
look forward to hearing from our witnesses addressing this area
as well.
Finally, during our focus on China and its currency peg, I
have heard a number of times that we should not overlook the
Japanese yen. Over a 3-year period, 2000 to 2003, the Japanese
Government took steps that thwarted the yen from appreciating
significantly against the dollar, making U.S. exports to Japan
more expensive and Japan imports to the United States less
expensive. While the yen has raised almost 15 percent against
the dollar in the last 2 years, many economists feel that it is
still undervalued. I look forward to hearing from our witnesses
regarding the Japanese yen.
Mr. Chairman, I appreciate today's witnesses and their
willingness to educate us on this bilateral relationship. I
hope to hear their views about whether the recent election will
usher in reforms. I look forward to working with my friend, Ben
Cardin, in addressing these concerns and others raised this
afternoon. And I yield back.Ignored
Quoting Spectre2006Disliked10-15 minutes...watch what happens.
116.39 now..10:41Ignored
Quoting philmcgrewDislikedLet's all use 3 word sentences :
I'll go second:
Got any proof?Ignored