-Caveat Lector- You know, if somebody should know of such sayings beforehand, they could make a LOT of money.. ------------------------ BBC, Monday, 18 February, 2002, 07:33 GMT
Bush gaffe hits yen A remark by US President George W Bush about "devaluation" in Japan has caused confusion in the currency markets. The yen fell as some traders interpreted the comment as meaning the US favoured a devaluation of the Japanese currency. Bush aides hastened to clear up the confusion, saying the president - in Japan as part of an Asian tour - had "misspoken". They said his comment had meant to be about Japan's problem of "deflation" - steadily falling prices, which depress spending and investment - not devaluation. 'Upfront' The need for economic reforms and the weakness of the Japanese yen dominated talks with Japan's Prime Minister Junichiro Koizumi in Tokyo. Speaking at a joint news conference, Mr Bush said the Japanese prime minister had been upfront about his country's economic problems. Mr Koizumi had given "equal emphasis" to the need for Japan to "clean up its billions of dollars in non-performing loans... and make regulatory reforms", Mr Bush said. Mr Bush's addition of a third item to this list - the need for "devaluation" of the yen - immediately triggered a drop in the Japanese currency. .... full article is at <http://news.bbc.co.uk/hi/english/business/newsid_1825000/1825593.stm> <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
