Wednesday, September 16, 2009

Et tu, Japan?

Looks like Japan is joining the likes of Russia and China in finding ways to exclude the U.S. Dollar from certain transactions. And like China, they are learning the art of speaking out of both sides of their mouth. Which I guess is only a slight different method than our own government where we have evolved to speak out of our ass.

Read the article HERE.

Japan Hatoyama: Asian community wont exclude dollar.


Japanese Prime Minister Yukio Hatoyama said on Wednesday his vision for an Asian community didn't mean he wanted to diminish the role of the dollar or exclude the influence of the United States from the region.

Hatoyama's comments may do little to ease market jitters about Japan's new government and its stance on the dollar after remarks from newly appointed Finance Minister Hirohisa Fujii caused the yen to jump to a seven-month high against the greenback....

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