The Day Today

"The Day Today" - 26 Sept

* Panel advising Japan’s GPIF pension fund delivers interim report today on asset allocation {NSN MTPYQC6TTDSK <go>} * Kyodo news: Japan’s Govt plans “urgently” to start a study on cutting the effective corporate tax rate {NSN MTQ0EJ6S972E <go>}

* W House puts pressure on with Tsy Sec Lew saying US could run out of funds by October 17 http://on.ft.com/184wBZf

FED * Lacker: “My concern is that the combination of forward guidance and a very large balance sheet has raised the likelihood of policy mistakes going forward,

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"The Day Today" - 25 Sept

* Lew Says Investors May Be Too Hopeful on Debt-Limit Debate  {NSN MTNIT30D9L35 <GO>} “People have to take seriously the fact that Congress has a lot of work to do in a short period of time,” the Treasury Secretary said.

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"The Day Today" - 24 Sept

* Fed’s Fisher (non-voter) says it all: “Here is a direct quote from the summation of my intervention at the table during the policy “go round” when Chairman [Ben] Bernanke called on me to speak on whether or not to taper: “Doing nothing at this meeting would increase uncertainty about the future conduct of policy and call the credibility of our communications into question.” I believe that is exactly what has occurred,

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"The Day Today" - 23 Sept

* Merkel wins with the highest share of votes for the CDU since 1990, but the question is what coalition will she form

* 12 Fed speakers this week (!) but will we learn anything new.

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