A.normal day in SoCal
>>20749375 pb Potato got dropped off at New Castle Cty Airport and 09-0015 is back at JBA
>>20748000 pb
Blinkenin SAM044 cap 2 on the ‘sidewalk’ after crossing Atlantic with a fuel stop at Shannon, Ireland
SPAR93 NATO Weenie G5 left JBA Back to Brussels or Chievres AB
This Brazilian AC could be President Lulus as a meeting w Colombian President )however it’s not Lulas usual plane) place the same day this AC in Bogota
Brazilian President Lula to visit his Colombian counterpart this week
https://www.radiohc.cu/en/noticias/internacionales/352209-brazilian-president-lula-to-visit-his-colombian-counterpart-this-week
Finally we have that Brazilian AF BRS027 Embraer that left Teterboro (some ACs use Teterboro as an arrival to NYC as the gate fees are substantially lower than JFK or LaGuardia) after arriving from Bogota, Colombia on Early Thursday morning after a late departure from an overnight and likely pickup of some nose candy in Bogota and had a Brasilia depart prior-heading back there now
>>20748237 pb
Story begins below after red headline
A tenth of 1% ain’t shit (they made such a big deal out of it too-and even if they do it again that puts it at .01-.02% so BFD however I stand by the prediction of 3 years ago-they will not raise rates in any meaningful way lest they blow up yen/$ carry trad and also blow out bond rates….so the BOJ can talk all you want about raising rates as it ain’t happening…end of story….Yen lost 20% in value 4 weeks before the “cut” and it’s currently making new 34 year lows on a daily basis-see caps 2-3 for Yen and 10y bond-and BOJ went in today and got it down to about 153.8x but it ain’t working as it’s right back at its 34y low. They have the 10y bond right back near its recent highs because no one believes them any longer. However they don’t call the Yen and bond trade the ‘widowmaker’ for no reason as they will step in with force at some point as they have no choice.
Squeezed by strong dollar, BOJ watches yen ahead of policy meeting
yen sell-off and its effect on inflation loom large over the Bank of Japan less than a week before its first policy board meeting since ending its negative interest rates in March.
The central bank has signaled that it will weigh the impact of its first rate hike in 17 years and wage trends before making further policy changes.
But with a weak yen seen putting upward pressure on import prices, BOJ Gov. Kazuo Ueda has hinted that further rate hikes are an option. If the yen's effect on inflation "becomes too significant to ignore, there could be an adjustment to monetary policy," Ueda told reporters after a meeting of Group of 20 finance ministers and central bankers in Washington on Thursday.
The still-wide gap between U.S. and Japanese interest rates has continued to drive yen-selling in April despite the risk of an intervention by Tokyo to support the currency. The yen reached its weakest level in 34 years this month, touching the upper 154 range against the dollar.
Foreign exchange rates are beyond the BOJ's purview. Still, "protracted weakness in the yen could push up the expected inflation rate among businesses and households," a monetary policy source said. The bank is believed to be keeping a close eye on the yen's effect not only on import prices, but also on an emerging virtuous cycle of wage and price growth.
https://asia.nikkei.com/Business/Markets/Currencies/Squeezed-by-strong-dollar-BOJ-watches-yen-ahead-of-policy-meeting
https://tradingeconomics.com/japan/government-bond-yield
https://tradingeconomics.com/japan/currency
EXEC1F (FLAUXTUS) done in Minneapolis and heading for Denver while Potato vanished to Wilmington basement hours ago
Ya think someone would ask “why isn’t Joe doing any of this?”
Only the west (it’s media) and Ukraine think it’s still going on. In reality in ended last year
I wuz gonna say “dint I make dhat long ago?”
Flames but wasn’t sure
Howza today?
Hopefully tribe gibs you less trubs these days
It’s actually cold at night still but I know how yers gets this time o year…still nice
Nursing sick Doggo but getting better.
He pretty much knows yer name now as I get a cocked head when I’m giving taps….done it enough times
Same to you muh fren
Prolly not around tomorrow but who knows as I get bored waiting for this shot to heal
Tap the tribe
Disciplinary Action a Window into Power Struggle within the LDP
(Just remember it’s NOT The Nazis and the Unification Church controlling the LDP…. Nope not THAT at all /s)
By carrying out large-scale disciplinary action against members involved in a large-scale political funds scandal, the Liberal Democratic Party hopes to mark the end of a turbulent chapter in its history. However, decisions on the disciplinary actions have revealed a power struggle among senior LDP officials, and dissatisfaction has been smoldering within the party, with some members complaining that the criteria for the punishment were ambiguous. The impact on LDP President Fumio Kishida, who is also the prime minister, remains to be seen.
The LDP’s Party Ethics Committee decided on April 4 on punishments for 39 members of the Abe and Nikai factions for their involvement in the factions’ alleged violations of the Political Funds Control Law. The punishments are the second most sweeping ever, following the case of 59 LDP members whom the party punished in 2005 for voting against then Prime Minister Junichiro Koizumi’s postal privatization bills, which had been part of the party’s election campaign pledges.
The most severe punishments were meted out to a pair of senior members of the Abe faction — former Education, Culture, Sports, Science and Technology Minister Ryu Shionoya and Hiroshige Seko, former secretary general for the LDP in the House of Councillors. Both were given recommendations to leave the party. ”We will recommend that those lawmakers with the heaviest responsibility leave the party,” Kishida told top party executives by phone on March 30, when talks on the disciplinary actions were reaching a critical stage. From an early stage, Kishida had already decided to punish the former Abe faction leaders who had been at the center of the institutional wrongdoing in the faction with a penalty more severe than withholding election endorsements from them. But he was hesitant to give the harsher punishment of recommendations to leave the party because he felt that such a penalty would be too serious. This is because members who leave under the cloud of such a recommendation face hurdles to later reinstatement.
However, Kishida became inclined to impose the heavier punishment, based on interviews with four top figures of the Abe faction and public opinion calling for severe punishment.
On March 26-27, Kishida, together with LDP Secretary General Toshimitsu Motegi and LDP General Council Chairperson Hiroshi Moriyama, faced Shionoya and Seko, plus former education minister Hakubun Shimomura and former Economy, Trade and Industry Minister Yasutoshi Nishimura, in a hotel room in Tokyo. While Kishida took notes and asked questions, the four members uniformly replied that they had no idea how the practice of illicit kickbacks from the sale of tickets to the faction’s fundraising parties had continued despite direct instructions to stop it from former Prime Minister Shinzo Abe in 2022 — while he was leader of the faction, and shortly before his death. One of the executives criticized the situation, saying that the four lacked a sense of responsibility for the problem.
Among the party’s executives, there was a shared understanding that someone needed to be shown the door through a recommendation to leave the party. Shionoya is a former chairperson of the faction and Seko is a former chairperson of the faction’s upper house lawmakers. Both had clear positions as senior figures and there were no objections from the executives to the recommendation to both of them to leave the party.
https://japannews.yomiuri.co.jp/editorial/political-pulse/20240420-181411/
Worst deal in UK history? 20 years since Brown sold Britain’s gold
https://www.bullionbypost.co.uk/gold-news/2019/may/07/worst-deal-uk-history-20-years-brown-sold-britains-gold/
Baker can you add this to list as it gives some insight and color to The current yen devaluation and the BOJ lying its ass offf (as usual.)
TY
>>20750413 Squeezed by strong dollar, BOJ watches yen ahead of policy meeting-MktFag comments beware of the widowmaker trade