The criticism of Nakasone, who has a famed "Ron-Yasu" relationship with Reagan, took place after U.S. monetary officials apparently rejected pleas by Japan for joint intervention in currency markets to halt the rapid rise of the yen's value.
He agreed to the plea and the largest monetary penalty ever last week.
And for those banks that have not yet reached settlements with regulators, there is the prospect of large monetary penalties and perhaps a guilty plea by a foreign subsidiary.
The head of the International Monetary Fund has made an impassioned plea for the UK to vote to stay in the EU, arguing that membership of the bloc has made the economy stronger and the country more diverse and creative.
The boss of the International Monetary Fund has made an impassioned plea for governments to make the next decade one of sustainable and inclusive growth that cuts national debt burdens and tackles high unemployment.
But by experimenting, and showing some hesitation about restraining the economy through higher interest rates as the NAIRU draws nigh, we might learn a little more about the depth of the waters and possibly become better swimmers".Mr Friedman would doubtless regard this plea for flexibility in monetary policy with disdain.
The plea from the International Monetary Fund is for an accord appropriate to all banks in all countries, which does not idolise (for adoption as best practice) the modelling techniques of only a few sophisticated international banks.The Basel committee has to get this right.
And if weight correlated with value, I'd ask my potential benefactor for two nickels rather than our thin monetary substitute for a screwdriver when I made the old plea, "Brother, can you spare a dime?" Does the animal kingdom offer any clues about our tendency to turn physical acts into symbols?
Trump's fiscal insanity — massive spending along with pleas for lower interest rates — is modern monetary theory in all but name, and his trillion-dollar deficits are inspirational for the authors of the Green New Deal.
PORTUGAL'S plea for help with its debts from the International Monetary Fund and the European Union last week should be a warning to democracies everywhere.
They also make a plea for not thinking of the policy rate as the only tool of monetary policy, even in more normal times.
