... многие ждут ... может не случится ... а тут ещё Кетай со своей инфляцией ...и повышением ставки резервирования ...

И вопрос-вопросов ... где будет йена после cut rate ... и что будут делят япы, чтобы закрыть лосей ...

`Ignite Inflation'
``We need to keep the 1998 experience as context because a cut in rates will be accompanied by a wave of liquidity that tends to ignite inflation,'' said Alexandra Ralph, who helps oversee the equivalent of $2 billion in bonds at Artemis Investment Management in London. ``The market is pricing in a considerable amount of interest-rate cuts and quite a lot of flight to quality, so it's a good time to sell.''
Government and central bank holdings of U.S. government debt at the Fed fell by $46.1 billion from the week ended July 25 to the week ended Sept. 5. They climbed to a record $1.25 trillion in July from $574 billion in June 2001.
Japanese investors, who held $612 billion as of June 30, are on course to cut for a third year, according to the Treasury. China trimmed its U.S. debt by 3.4 percent in the second quarter to $405 billion, the first reduction in three years. Taiwan pared by 10 percent in the past year to $57.5 billion, while South Korea slashed holdings 25 percent this year to $50 billion.
Mizuho Buys
``The only component we can be confident about as nations diversify currency reserves is that Treasuries will be sold,'' said Sean Callow, a strategist in Singapore at Sydney-based Westpac Banking Corp., Australia's fourth-biggest lender.
Mizuho Asset Management Co. expects the dollar will gain as investors seek a haven in U.S. government debt.
``People will withdraw money from riskier markets,'' said Akira Takei, who helps oversee the equivalent of $25.9 billion at Mizuho in Tokyo. ``The U.S. economy is on the verge of a recession so we should increase U.S. Treasuries.''
Merrill Lynch's main index of U.S. government securities returned 3.3 percent for July and August. For investors in Japan, the biggest holders outside the U.S., the index lost 3.1 percent after accounting for changes in the currency.