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n. NKY225 opened stronger and closed on its highs +2.88% as JPY weakened to a 2.5yr low vs USD (90.85). Japan's Dec CPI released before the open in Tokyo showed the 7th decline in 8 months (core CPI -0.2% y/y vs est -0.2%) and boosted speculation that the BOJ will need to re-think the timing of the ne
to Wall Street in Obama's pick for regulators NYT • Osborne holds course as GDP data emerge Fr • Samsung warns on smartphones competition FT • Nokia makes progress Lex • Monte dei Paschi: broken trust Lex • Fears over ECB longer-term funding scheme Lex • Bullish Latin America leaders host su
ging" them to increase lending efforts to non- traditional industries and to help support domestic consumption. The Nikkei reversed earlier losses as Tokyo Electron (+7.1%) led chip- equipment makers higher and exporters rebounded on a weaker JPY as BOJ Governor Haruhiko said global policy makers would
ground over deficit FT • Renminbi rides out weaker China growth Fr • Tech earnings: feeling flat Lex • Morgan Stanley: happily married Lex • Nokia: a new stream of bad news Lex • Japan is fighting back at stagnation FT • Thatcher was right — there is no 'society' FT • Portugal moves to kee
oose other locations. The most lifestyle for the dollar is underlined: Argentina (Buenos Aires, Cordoba), China (Shanghai, Hong Kong, Taipei), Japan (Tokyo, Osaka), England (London), Ireland (Galway), Thailand (Bangkok, Chiang Mai), Germany (Berlin, Munich), Norway (Oslo), Australia (Sydney), New Zealand
free calls to more than 20 countries. International Multi-Band and GSM-Compatible Phones =» My World Phone ( www.myworldphone.com ) I’m partial to Nokia phones. Ensure whichever phone you purchase is “unlocked” —that the SIM card can be swapped out in different countries with different providers. = W
Entities connected to both Tokyo and Nokia

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Marc Rich
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