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Japan's new trade minister has been forced to defend himself after it emerged that staff from his support group spent office money at a sex club.

 

Yoichi Miyazawa admitted staff had claimed expenses after visiting a sadomasochistic bar in Hiroshima, but emphasised he did not visit the bar.

 

His admission comes at a difficult time for Prime Minister Shinzo Abe.

 

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Apparently this Miyazawa character also has some 600 shares in TEPCO. Talk about conflict of interest!

 

I am struck down by the shock of this fact!! :rolleyes: Politicians are dirty bas#ards, lining their own pockets and not giving a rats ass about the little people.

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Was going to start a new thread but probably belongs here. Ok. The b o j just bought t-bills from the treasury with a negative interest rate or rate of return. I think I'm missing a step. How does that make sense? Can anyone unpack that one for me?

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They probably don't care whether they make or lose money on the transaction, and are just trying to weaken the yen by buying foreign assets. I think that is one of the three arrows, isn't it?

 

(The other two being surprise, fear, and ruthless efficiency... oh, wait.)

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Was going to start a new thread but probably belongs here. Ok. The b o j just bought t-bills from the treasury with a negative interest rate or rate of return. I think I'm missing a step. How does that make sense? Can anyone unpack that one for me?

 

I can only imagine that it is a super thing.

 

:thumbsup:

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