Tuesday, November 6, 2012

Japan Changes The Rules

Big, big surprise here, although there have been rumours on the blogosphere for a while now. Seems like someone, somewhere is ready to take on the TBTF guys (although I always keep in the back of my mind that it could be part of the Hegelian dialectic!):

http://www.businessinsider.com/zervos-on-boj-decision-losing-independence-2012-11

Here's the pdf that the article refers to. As many of us know, all of this 'debt' could be wiped out with the stroke of a pen, and maybe that is what they're going to do? Japan to be watched very closely:

http://www.boj.or.jp/en/announcements/release_2012/k121030b.pdf

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