Noda Makes Consumption Tax Hike Pledge At G-20 Summit

The world’s poster child for losing decades looks to stay a step ahead: (Nikkei)–Prime Minister Yoshihiko Noda vowed Thursday to gradually raise the nation’s consumption tax to 10% by mid the 2010s during a summit meeting of the Group of 20 leading economies in Cannes, France. The announcement at the summit has effectively made the […]

Dow Jones: No mof intervention

The MOF would have bought USD long ago if Paulson hadn’t gone around branding any CB a ‘currency manipulator’ and an international outlaw. The USD is in freefall and is now the major source of inflation. And maybe the Fed as seen the connection? MOF Frets Over Yen, But No Hint Of Intervention by Takeshi […]