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Turning Japanese, EWJ and FXY

September 23rd 2008 Posted in Tick Talk

Now that U.S. Treasuries yields are in the negative  (due to inflation), does it makes sense that U.S. banks would become acquisition targets for Japanese banks who had 0% treasuries for over a decade and are finally emerging from their own crisis?

Press Release Date: September 23, 2008
The Federal Reserve Board on Tuesday announced the approval of an application by The Shizuoka Bank, Ltd., Shizuoka, Japan, to establish a branch in New York, New York. Attached is the Order relating to this action.

Attachment (28 KB PDF)    2008 Orders on Banking Applications

Disclosure: I’m only watching EWJ & FXY (turning):

The Vapors had it right in 1981: Turning Japanese.

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