Japan Daily
October 27, 2008 at 08:08 AM EDT
This means they will accept it as collateral for the unlimited USD loans from the Fed. This will not end well. BOJ to Accept Asset-Backed Commercial Paper as Collateral from Tuesday TOKYO (Dow Jones)–The Bank of Japan said Monday it will accept as collateral asset-backed commercial paper guaranteed by the bank’s counterparty financial institutions, starting Tuesday. This [...]