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	<title>Active Investing &#187; General</title>
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	<link>http://steventowns.proxyexchange.org</link>
	<description>VALUE INVESTING &#38; SHAREOWNER ACTIVISM. **Author of &#039;Investing in Japan&#039; (2012)**</description>
	<lastBuildDate>Thu, 24 May 2012 00:43:49 +0000</lastBuildDate>
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		<title>Japanese individual investors saying no thank you to JGBs</title>
		<link>http://steventowns.proxyexchange.org/2009/11/japanese-individual-investors-saying-no-thank-you-to-jgbs/</link>
		<comments>http://steventowns.proxyexchange.org/2009/11/japanese-individual-investors-saying-no-thank-you-to-jgbs/#comments</comments>
		<pubDate>Thu, 05 Nov 2009 05:13:19 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[JGBs]]></category>
		<category><![CDATA[Sentiment]]></category>
		<category><![CDATA[Yen]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Government Bond]]></category>
		<category><![CDATA[Japanese investors]]></category>
		<category><![CDATA[JGB]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/11/05/japanese-individual-investors-saying-no-thank-you-to-jgbs/</guid>
		<description><![CDATA[The Mainichi Shimbun (original in Japanese) reported early Thursday that Japanese Government Bonds&#8217; (JGBs) popularity is rapidly falling among individual investors. Beginning in 2003, the Ministry of Finance (MoF) has sold two types of JGBs (a fixed-rate 5-year and a variable-rate 10-year) four times a year to individual investors. However, as interest rates have been [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Global Central Bank Rates &#8211; October 16, 2009</title>
		<link>http://steventowns.proxyexchange.org/2009/10/global-central-bank-rates-october-16-2009/</link>
		<comments>http://steventowns.proxyexchange.org/2009/10/global-central-bank-rates-october-16-2009/#comments</comments>
		<pubDate>Sat, 17 Oct 2009 22:01:15 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Data]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Central banks]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Mexico]]></category>
		<category><![CDATA[New Zealnd]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[Switzerland]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/10/17/global-central-bank-rates-october-16-2009/</guid>
		<description><![CDATA[Global central bank rates (Brazil 8.75%, South Africa 7.0%, Mexico 4.5%, Australia 3.25%, New Zealand 2.5%, ECB 1.0%, UK 0.5%, USA 0.25%, Canada 0.25%, Switzerland 0.25%, Japan 0.11%) as of October 16, 2009. See chart image below. [Source: Bloomberg; Central Bank web sites]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Top Foreign Holders of U.S. Treasuries</title>
		<link>http://steventowns.proxyexchange.org/2009/10/top-foreign-holders-of-us-treasuries-2/</link>
		<comments>http://steventowns.proxyexchange.org/2009/10/top-foreign-holders-of-us-treasuries-2/#comments</comments>
		<pubDate>Sat, 17 Oct 2009 19:25:40 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Data]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[dumping Treasuries]]></category>
		<category><![CDATA[foreign holders of US Treasuries]]></category>
		<category><![CDATA[US Treasuries]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/10/17/top-foreign-holders-of-us-treasuries-2/</guid>
		<description><![CDATA[Below is an extract of the latest data from the U.S. Treasury concerning foreign holders of U.S. Treasuries (year-to-date through the end of August). At least for now, the fear of foreigners dumping Treasuries can be allayed, although it is clear there is some month-month volatility from a key buyer (see the figures for Mainland [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Upcoming talks at Japan Society New York</title>
		<link>http://steventowns.proxyexchange.org/2009/10/upcoming-talks-at-japan-society-new-york/</link>
		<comments>http://steventowns.proxyexchange.org/2009/10/upcoming-talks-at-japan-society-new-york/#comments</comments>
		<pubDate>Sat, 17 Oct 2009 17:53:07 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[American Dream]]></category>
		<category><![CDATA[ASBJ]]></category>
		<category><![CDATA[Boeing]]></category>
		<category><![CDATA[FASB]]></category>
		<category><![CDATA[Financial Reporting]]></category>
		<category><![CDATA[global economic recovery]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japan Society New York]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/10/17/upcoming-talks-at-japan-society-new-york/</guid>
		<description><![CDATA[For those in the area, below is a list of upcoming talks hosted by Japan Society New York. Click the respective link for additional information and for registration. Oct. 20   Financial Reporting Reliability &#38; Transparency: Activities of FASB &#38; the ASBJ during the Financial Crisis Oct. 27   Boeing &#38; Japan: A Strategic Partnership [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Thoughts on Nakagawa and on investing in Japan</title>
		<link>http://steventowns.proxyexchange.org/2009/02/thoughts-on-nakagawa-and-on-investing-in-japan/</link>
		<comments>http://steventowns.proxyexchange.org/2009/02/thoughts-on-nakagawa-and-on-investing-in-japan/#comments</comments>
		<pubDate>Tue, 17 Feb 2009 18:00:52 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[Yen]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/02/17/thoughts-on-nakagawa-and-on-investing-in-japan/</guid>
		<description><![CDATA[Former Japanese Finance Minister Nakagawa should never have been at the press conference that did in his career, and now has the Japanese press gone mad discussing &#8220;reputation risk.&#8221; It is disturbing that he was even allowed near the table. Equally troubling is how BoJ Governor Shirakawa didn&#8217;t preempt some questions, especially the one&#8217;s directed [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Globetrotter Jim Rogers tells Japanese audience China remains a buy</title>
		<link>http://steventowns.proxyexchange.org/2008/10/globetrotter-jim-rogers-tells-japanese-audience-china-remains-a-buy/</link>
		<comments>http://steventowns.proxyexchange.org/2008/10/globetrotter-jim-rogers-tells-japanese-audience-china-remains-a-buy/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 10:50:25 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://steventowns.com/2008/10/06/globetrotter-jim-rogers-tells-japanese-audience-china-remains-a-buy/</guid>
		<description><![CDATA[At an investment seminar in Tokyo attended by approx. 1,000 and covered by around 30 news outlets, Jim Rogers made his case for investing in China. Not much new here, as Rogers said he likes ag commodities, metals/precious metals and natural components of solar panel plays. For China specifically, he emphasized water treatment as the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Empirical Evidence Suggests Going Long Japan May Be Timely</title>
		<link>http://steventowns.proxyexchange.org/2008/06/empirical-evidence-suggests-going-long-japan-may-be-timely/</link>
		<comments>http://steventowns.proxyexchange.org/2008/06/empirical-evidence-suggests-going-long-japan-may-be-timely/#comments</comments>
		<pubDate>Thu, 12 Jun 2008 13:41:20 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Hedge Funds]]></category>
		<category><![CDATA[Sentiment]]></category>

		<guid isPermaLink="false">http://steventowns.com/2008/06/12/empirical-evidence-suggests-going-long-japan-may-be-timely/</guid>
		<description><![CDATA[In &#8220;Hollowing Out, Tokyo Style,&#8221; FT Alphaville&#8217;s Gwen Robinson does a fine job of capturing an ongoing, and now accelerating human resources conundrum. While it seems like there&#8217;s no shortage lately of fake Japundits (not to be confused with the real Japundit, who is simply trying to keep it real on the cultural front) saying [...]]]></description>
		<wfw:commentRss>http://steventowns.proxyexchange.org/2008/06/empirical-evidence-suggests-going-long-japan-may-be-timely/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Attention Readers</title>
		<link>http://steventowns.proxyexchange.org/2008/01/attention-readers/</link>
		<comments>http://steventowns.proxyexchange.org/2008/01/attention-readers/#comments</comments>
		<pubDate>Mon, 07 Jan 2008 15:00:45 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=297</guid>
		<description><![CDATA[Daily J will be on indenfinite hiatus, with possible periodic posts/updates. The links, bookshelf and publications will remain available. There will be downtime in early-mid January due to server-related matters. Thanks for your support and best wishes in 2008!]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Impetus for a Shanghai Rally</title>
		<link>http://steventowns.proxyexchange.org/2007/12/impetus-for-a-shanghai-rally/</link>
		<comments>http://steventowns.proxyexchange.org/2007/12/impetus-for-a-shanghai-rally/#comments</comments>
		<pubDate>Sun, 09 Dec 2007 23:33:29 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=282</guid>
		<description><![CDATA[The Wall Street Journal&#8217;s Asialinks daily view includes the following excerpt: At the same time [referring to an finance professor's commentary on how stricter bank capital requirements may in fact compel Beijing to revalue the yuan faster], China&#8217;s foreign-exchange regulator increased the total quota for foreign companies to invest in the domestic capital market to [...]]]></description>
		<wfw:commentRss>http://steventowns.proxyexchange.org/2007/12/impetus-for-a-shanghai-rally/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>We’re Back!</title>
		<link>http://steventowns.proxyexchange.org/2007/12/were-back/</link>
		<comments>http://steventowns.proxyexchange.org/2007/12/were-back/#comments</comments>
		<pubDate>Sat, 08 Dec 2007 04:01:03 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=280</guid>
		<description><![CDATA[We&#8217;re back after a week of unexpected downtime due to a series of domain/hosting-related snafus. Daily Nikkei summaries and the Weekly Nikkei Outlook will resume in the coming week.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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