Cerberus exec sees buyout deal slowdown |
| CNNMoney.com - Jul 12, 2007 |
Cerberus Capital Management Chairman John Snow said Wednesday he expects "some cooling down" of debt markets and a slowdown in leveraged buyouts, a process he said represents a healthy correction that would wring out "speculative aspects" from the markets.
Snow, who served as Treasury secretary for three years until June 2006, also said that the Bank of Japan's monetary policy deserves "increased scrutiny" because of the risk that short-term yen interest rates are being held too low at the cost of a weaker Japanese currency.
"Ultimately exchange rates reflect monetary policy," Snow said in an interview with Reuters. "That's the puzzle: why are interest rates so low when the (Japanese) economy is doing so well with a trade surplus? Why is there that interest rate gap? One would expect there are real consequences from having that sort of gap."
Read Full Article from CNNMoney.com
- Posted: 2007-07-12 10:28:59
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