Japan has no interest in acquiring gold. Tuesday July 15 7:08 AM EDT
Sakakibara says has no interest in gold holdings
TOKYO, July 15 (Reuter) - Eisuke Sakakibara, the Japanese Finance Ministry's newly appointed vice minister for international affairs, said on Tuesday he has no interest in gold after its position in the international monetary system changed drastically over the past 10 to 20 years.
Asked if Japan has any plan to increase or decrese its gold holdings, which are currently much lower than those of many other industrialised nations, Sakakibara said: ``Gold's lustre has declined and I have no interest in gold now.'' http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1763235