Monday, October 14, 2013

SHOCKING UPDATE: Japan eyes private sector to manage part of its $1.27 tln forex reserves

10/14/13

Common Sense: When governments become serious about growth and security, what is it they turn to? 

Say it loud. C-A-P-I-T-A-L-I-S-M!!!



* Japan wants to manage vast reserves better
* Government to propose changes to law to remove hurdles
* Govt will tread carefully to avoid big market impact -analyst
TOKYO, Oct 13 (Reuters) - Japan is looking to allow private sector funds and trust banks to manage a part of its $1.27-trillion pool of foreign exchange reserves in a drive to manage them better, a government source told Reuters on Sunday.

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