Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

This seems contradictory to other actions by Japan, as this would serve to attach more real value to the yen when they have been working to get the yen cheap relative to the dollar. I guess I'll believe it when I see it.
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Indeed it is JoeBob, but can you think of a better way for them to dispose of some of their excessive and "deteriorating in value" USD's?

I can think of other instances where some ministry officials have floated a trial balloon before the "thought" became policy.

With China openly advocating the ownership of gold, I've wondered why the Japanese brainpower would willingly cede such an asset advantage to China w/o a fight? Also makes me wonder where they were when the PoG was $100 lower? DUH! <gg>

I presume that the Japanese would try to keep any actual buying of gold under wraps for as long as possible.