The garage in Ofunato police headquarters is stashed with safes, cash and money bags that where washed ashore in the Japan shores after the Tsunami. These safes could contain someone’s life savings in it. Since the Japanese prefer keeping their money at their home then in banks. Safes are washing up along the tsunami-battered coast, and police are trying to ... Read More »
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People’s Bank Increases Reserve Ratios!
China, the owner of a large portion of U.S. debt, has begun to put the screws on local banks with new rules on credit and some of the biggest state-owned banks will be affected in the country. “The jump in the dollar is accompanied by a dip in the yen this morning, which could yet allow the Bank of Japan ... Read More »