Japan's Fukui Announces Rise in Interest Rate, After Criticizing Hedge Funds, This Could Blow the System

June 2 (LPAC) - Bank of Japan Governor Toshihiko Fukui announced on May 31 that Japan will begin to gradually raise interest rates, but that's not the only interesting thing he said. Reuters today reported that Fukui spoke, at a conference of the Bank of Japan, about the need for Central banks to inquire into factors that cause global imbalances.

Fukui also concluded that these global imbalances will affect more than one country as financial integration increases throughout the globe. In addition to that Fukui said, "It should be noted that, in such circumstances, asset prices tend to overshoot economic fundamentals from time to time, causing excessive volatility, which could in turn negatively affect the development in the real economy."

On June 1, Lyndon LaRouche gave support to another statement by Fukui, () in which the Bank of Japan governor warned about the danger of hedge funds.