Expectations for looser monetary policy were higher before the confirmation of the new Bank of Japan governor, with the change in leadership at the Bank of Japan expected to take place next week.
Long ago the United States decided the abm Treaty was bad policy, discovered major Soviet violations and received confirmation of the violations from Soviet officials themselves--yet no U.S. administration to this day, Republican or Democratic, has dared propose that we repeal the treaty.
But then everybody knows that not cultivating Mr Helms, whose latest fit of pique is holding up the confirmation of America's ambassador to Mexico, would do foreign policy no good.