Junior mining Lithium, Gold, Zinc and Copper: China Regulator Relaxes Curbs on Overseas Investment TNR.v, CZX.v, RMK.v, ASM.v, CGH.to, SGC.v, AMM.to,

Our US Dollar Alert in action: Bearish Flag resolves into another Leg down. Uptrend line support is penetrated. Buy signal on Gold Miners now is confirmed. Juniors to follow.
Not any more my friends, not any more - will it be the last blow to US Dollar reserve status?

Put this news in perspective with recent announcement that USA has surpassed One Trillion deficit for this year and China has now Two Trillion in reserves:

"China’s Foreign-Exchange Reserves Surge, Exceeding $2 Trillion
By Bloomberg News
July 15 (Bloomberg) -- China’s foreign-exchange reserves, the world’s biggest, topped $2 trillion for the first time as the nation’s economic recovery prompted overseas investors to pump money into stocks and property."

It is a milestone in Chinese expansion overseas. They are preventing Yuan from appreciating very fast against US Dollar. It is an another sign that old sterilisation practise relying only on buying US treasuries is not the way to manage its foreign account from now on. Companies are allowed from 1st of August basically to shop around the world for necessary resources in exchange for US Dollars effectively which are overflowing the monetary system.

We would like to remind you that Canada Zinc Metals CZX.v has been waiting from January 2009 until May just to close the deal with all old currency regulations in place. Now we can expect more rapid M&A developments in our junior mining space. Will Chinese expand its stake in CZX.v from current 13% buying in the market? Stock is still trading below 0.425CAD placement price.

"Now we have not only a solid Zinc recovery play with strong cash position in a district with potential of 100 mil ton with further exploration, but dynamic M&A front runner of Chinese giant looking for further opportunities. Quick move has secured options opened in new hot area of Lithium and REE in International Lithium corp. and CEO CZX.v has opened space for speculation with his comment on Los Azules. Is Tongling up to the Xstrata's plate? Rob McEwen will be another name to mention in this context. Company now have positioned itself for dynamic recovery in Chinese production cycle even with shaky general markets in Zinc. Strategy looks like Investment expansion:
Tongling - Canada Zinc Metals - District play with TEC and Korea Zinc - Lundin Mining on board - Zinc and Lead - Cars - Growth space: China largest auto market from March - New Bull - Electric cars - Lithium and REE - TNR Gold and International Lithium Corp."

News must be well known in China before in advance with recent aggressive moves in Australia and in China from Teck Resources and up to our Lithium and REE play TNR Gold TNR.v.

"TNR Gold has attracted interest from Canada Zinc Metals and its shareholders including Chinese Tongling and Lundin mining with opportunities opened in Lithium and REE market.Los Azules project is getting a new valuation with rising Copper prices, signs of recovery and its recent development.TNR Gold opens a new page in its history with access to Canada Zinc Metals solid record of developing mineral deposits and attracting Major industry players for financing and mine building expertise.Canada Zinc Metals with this move has secured its strategic entry into Lithium and REE markets and TNR Gold's Gold and Copper projects, including Los Azules opened for future strategic deals under further consideration of the company."

We expect more news on M&A developments in Junior mining sector in Canada. Next surprise can come tomorrow with China's GDP figures.

"China Regulator Relaxes Curbs on Overseas Investment (Update2)

By Bloomberg News
July 15 (Bloomberg) -- China’s top currency regulator relaxed curbs on overseas investment by local businesses, allowing more funds to flow abroad after the nation’s foreign- exchange reserves topped $2 trillion for the first time.
The State Administration of Foreign Exchange said it will expand the sources of capital Chinese companies can use to finance outbound investment and will permit funds to be transferred overseas without prior approval, according to two statements on the regulator’s Web site today. The new regulations will take effect from Aug. 1.
“The rules are intended to give companies more room to develop overseas and reduce their pain in adjusting growth and models,” Liu Guangxi, an inspector at SAFE’s capital-account department, said at a press briefing in Beijing. “The changes will help China to realize a more balanced management of both capital inflows and outflows.”
China wants to diversify foreign investments to reduce the impact of any drop in the value of U.S. Treasuries, the supply of which is ballooning as President Barack Obama borrows record amounts to fund stimulus spending and end a recession in the world’s largest economy. Premier Wen Jiabao said in March that he was “worried” about the safety of the nation’s U.S. assets.
“The rapid expansion in foreign-exchange reserves is making it more difficult for China to preserve their value,” said Yang Shengkun, a currency analyst in Beijing at China Citic Bank Co., a unit of China’s biggest state investment company. “To encourage companies to ‘go global’ would be a good way” to slow the pace of reserves accumulation, he said.
Record Reserves
China, the biggest foreign owner of Treasuries, cut its holdings by $4.4 billion in April to $763.5 billion, the first monthly decline since February 2008. Its currency reserves, the world’s largest, increased a record $178 billion in the second quarter to $2.132 trillion, the central bank reported today on its Web site.
Chinese companies will be able to finance overseas investments by purchasing foreign exchange or borrowing it from local banks, as well as using any existing holdings they have, SAFE said. They will also be permitted to keep income from their offshore investments overseas and reinvest abroad.
Previously, China didn’t allow companies to retain earnings overseas or use local bank loans to invest overseas, Liu said at the briefing.
People’s Bank of China Governor Zhou Xiaochuan last month ruled out any sudden change in the management of the nation’s foreign-currency reserves and reiterated the funds should be invested to ensure “liquidity, safety and returns.” His March proposal for the greenback to be replaced as the world’s reserve currency spurred speculation China may shift its holdings away from dollar-denominated assets.
Policy makers should “moderately” increase their holdings of U.S. Treasuries and purchases this year should not be lower than the total for 2008, Wang Yong, a People’s Bank of China economist, wrote in the China Securities Journal today.
--Belinda Cao, Judy Chen. Editors: James Regan, Sandy Hendry
To contact Bloomberg News staff for this story: Belinda Cao in Beijing at +86-10-6649-7570 or lcao4@bloomberg.netJudy Chen in Shanghai at +86-21-6104-7047 or Xchen45@bloomberg.net."

Lithium: Power battery: key to electric vehicle commercialization TNR.v, CZX.v, SQM, FMC, ROC, BYD, TTM, TM, NSANY, F, DAI, GOOG, RIMM, AAPL, HUI, XAU

Now we have more insight into power batteries market space in China. Lithium becomes the strategic commodity for Electric car revolution there and car sales are booming.

"China's precious metal reserves are shrinking at an alarming rate. Over-exploitation and cut-throat competition in exportation, on the other hand, have driven prices considerably low in the international market. Rare earth, for example, witnessed a reserves decline from 88 percent of the world's total more than ten years ago to 52 percent in 2008, while export increased almost 10 times."

China is moving into Canada junior market to secure supply of Lithium:

"TNR Gold has attracted interest from Canada Zinc Metals and its shareholders including Chinese Tongling and Lundin mining with opportunities opened in Lithium and REE market.Los Azules project is getting a new valuation with rising Copper prices, signs of recovery and its recent development.TNR Gold opens a new page in its history with access to Canada Zinc Metals solid record of developing mineral deposits and attracting Major industry players for financing and mine building expertise.Canada Zinc Metals with this move has secured its strategic entry into Lithium and REE markets and TNR Gold's Gold and Copper projects, including Los Azules opened for future strategic deals under further consideration of the company."

"By Wang Weiwei

Power battery has become an attraction of automobile industry because of the series policies of the State, which encouraged the development of electric vehicle. The commercialization of high power battery has just started globally, it still remains elusive. This time, the power battery project in Jilin province, although at an elementary stage, still has something that the industry could learn from.
The two demonstration buses are equipped with high power and high capacity Lithium li-power battery manufactured by Lithium Energy (liao yuan) New Energy Co., Ltd. The reporter heard that on March 29th, FAW Bus and Coach Co., Ltd. has signed the purchase order of 2009 with Lithium Energy, covering 55,000 LY-LFP-300AH lithium batteries that could equip 500 buses and the order value was RMB148.5 million yuan. Cai Qingsong, Director General Manager of Lithium Energy (liao yuan) New Energy Co., Ltd., introduced that the company has delivered 550 batteries up to April 23rd.
The challenge of electric vehicle lies in power battery, and the key point of power battery is material selection. Lithium li-power battery is ferrous phosphate li-power battery developed by a group of people led by Professor Wang Rongshun, former Schoolmaster of Northeast Normal University. This kind of big power battery has advantages such as long lifetime, low cost, high power, high capacity, good security, green and non-pollution, high energy density and quick recharge, quite suitable for electric vehicle. Ordinary city buses, after being modified into pure electric busses, the one-time recharge driving distance could be maximum 300 km. The recharging time is also quite short; the life time of the battery could be as long as 600,000 km, which could be recharged for over 2000 times. The operation cost of modified busses is only between one tenths and one ninths fuel busses. This kind of pure electric bus with li-power battery, after being fully recharged, could run over 300 km; the maximum speed could reach 120 km and the electricity consumption per hundred kilometers is 35 KWH.
On March 27th 2009, Lithium li-battery passed 7 items of safety test co-conducted by eight departments including Jilin Provincial Science and Technology Commission, Jilin Province Electronic & Information Products Superintending & Inspecting & Research Institute, Northeast Normal University and FAW Academy of Electric Vehicle, etc. The tests covered stabbing, water-proof, short circuit, fire resistance, shock, extrusion, over (current, time) etc. Just after the test, Lithium received purchase order from FAW Bus and Coach Co., Ltd.
Doctor Xie Haiming from Northeast Normal University explained that Lithium li-battery mainly solved the two big problems of electric vehicle use power battery, like high power and safety. He said that taking 300AH battery for example, the battery may get overheat when 300A current lets through. Therefore the whole structure design and module management must have its own special craft so as to prevent high power battery from getting overheat and make sure its long lifetime. In addition, in order to guarantee the security of high power battery, Lithium battery selects high temperature resistant diaphragm, prevents electrolyte from burning from structure design aspect, and guarantees security from case design aspect. "The battery seems simple, but it includes lots of new and high technologies."
Lithium li-power battery project, invested by Beijing Fortune LT Investment Group, is currently planning to produce three kinds of power batteries: 300AH, 400AH and 160AH. The 300AH battery is mainly manufactured by Lithium Energy (liao yuan) New Energy Co., Ltd., and 400AH battery is mainly manufactured by Lithium Energy (Changchun) New Energy Co., Ltd. Cai Qingsong introduced that Lithium Energy (liao yuan) has one semiautomatic production line, the mass production has started from May 1st. The company plans to input RMB560 million yuan to build an automatic production line and a semiautomatic production line, then the company's yearly output is planned to be 0.12 billion AH. The expansion construction of Lithium Energy (Changchun) is fully underway too, and it is on trial running. Li Zaizhi, Director General Manager of Lithium Energy (Changchun) New Energy Co., Ltd., introduced that the company planned to achieve annual li-battery output of 0.12 billion AH and ferrous phosphate li-battery material output of 3000 tons, the project would be invested around RMB 70 million and would be completed and put into use on June 18th.
In order to improve the quality of battery, assure the consistency and steadiness of battery pack, and realize scale production, no matter Lithium Energy (liao yuan) that has been in production, or Lithium Energy (Changchun) that will be enlarged and put into production, are both introducing advanced technology and equipment and reinforcing management. For example, laser cutting pole piece technology and equipment for cutting piece burr-free production; ultrasonic welding technology and equipment for guarantying the consistency and reliability of battery internal resistance; lithium-ion battery plastic cover vibration and friction welding technology and equipment for assuring the welding gas tightness of shell and cover; battery capacity grading and grouping simulation testing machine for guarantying the consistency and lifetime of battery group, and so on.
The support of industrial chain is also very important for the commercialization of power battery. Looking at the upstream, Changchun and Liaoyuan are building manufacturing plants of doped lithium iron phosphate, which could provide raw materials for the two battery manufacturers. Liaoyuan is even intended to become the base of power battery. As Wang zhaohua, Mayor of Liaoyuan city, introduced that except for raw material factory with planned annual doped lithium iron phosphate output of 10,000 tons; another important battery material plant, namely a diaphragm paper plant with RMB220 million investment, is under construction, and the output of the plant is planned to be 40 million square centimeters. As far as the downstream is concerned, in addition to FAW Bus and Coach, Lithium li-battery project is jointly researching and developing the power system of electric car with FAW Car Co., Ltd. by using the 10 Besturn cars provided by FAW Car; at the same time, Lithium is also co-developing electronic control assembly of electric vehicle with Changchun Qiming In-car Electronics Co., Ltd.
We can describe the most the commercialization of Lithium li-battery as "just at the beginning". But Lithium is grasping the good opportunity of li-battery in the fastest way. At the same time, according to the introduction of Hei Liangqi, President of Beijing Fortune LT Investment Group, except for investing in power battery, the company has also made investment in electric vehicle motor and power assembly. From key components of electric vehicle to finally producing electric vehicles, Beijing Fortune LT Investment Group is grasping the direction of new energy vehicles and is following up rapidly.
Source:CE.cn"

Gold in Africa: Nevsun Resources Ltd.: Bisha Project Finance Approvals-US$235 Million NSU.to, SGC.v, SNU.v, CGH.to

It is an important signal for two other juniors involved in the area: Sunridge Gold SGC.v and Lukas Lundin's Sanu Resources SNU.v recently acquired by his Global Exploration Play Canadian Gold Hunters CGH.to. Money becomes available for solid Gold projects again even in Africa - it is a sign of recovery in Gold Junior mining.

"One of our risky picks in Africa after recent downturn Sunridge Gold SGC.v announced positive PEA on its Emba Derho deposit. It is again Junior Investment Cycle with chance for a second entry. The most interesting part is CA agreements signed with 7 counterparties, can we smell M&A here? Project depends on Nevsun Resources NSU.to development, but buyers are coming in after latest PR push from the company. Another play in the area is Lukas Lundin's Sanu Resources SNU.v."

"Nevsun Resources Ltd. (TSX:NSU - News)(AMEX:NSU - News) is very pleased to announce that its Bisha Project in Eritrea has received all required credit approvals from the project finance lenders for debt facilities totaling $235 million. Documentation of the facilities has been progressing in parallel and financial close is expected shortly. All amounts are expressed in United States dollars.

The debt package is a mix of senior and subordinated loans from a lending group comprised of seven institutions from Europe and South Africa. The arrangements include an available cost over-run facility of $30 million that will be in addition to a contingency allowance of $32 million in the budget. The Project is now more than one third completed, and the forecast cost to complete remains on budget.
Endeavour Financial is the Company's project finance advisor.
At recent metal prices, the Project is expected to generate enough cash in the first two and a half years to repay all debt facilities, as well as fund the copper phase mine expansion during the same period. The projected operating cash costs for gold production are estimated to be less than $230/oz, including royalties. The after tax internal rate of return of the Project, using recent metal prices and including the cost of finance, is approximately 54%.
The mine is expected to start producing gold in Q3 2010. A recent update on the Project itself can be found in the Company's Q1 MD&A and news release dated May 13, 2009. Photographs of progress can be found on the Nevsun web site at - http://us.lrd.yahoo.com/_ylt=AncER3wkwPgRbZ_llaEcqeetcq9_/SIG=11kntejde/**http%3A//www.nevsun.com/properties/photo_gallery/.
The Company looks forward to progressing Bisha through to production with the continued full support of the Eritrean Government."

Gold and Silver stocks Buy signal on Daily. RMK.v, TNR.v, CZX.v, CGH.to, ASM.v, SGC.v, BTT.v, GBN.v, VTR.v, KTN.v,

We have a very strong Buy signal on HUI daily chart. MACD is at previous Buy level, turning Up, Slow STO is at Buy, the most important is a very strong White Hammer candle form today. Normally in a bull market Gold stocks will lead Gold up. Junior will be following, but the chance is still to accumulate. US Dollar is the key as usual:

"Elections are next month in Japan, leading opposition party is calling to diverse from US Dollar based Japan Reserve system - it means that the call is popular with voters. Japan was the last stronghold for US Dollar in Asia. Now this country could join China, India and Russia with their call for International reserve system. France last week made a small vendetta for "freedom fries" with its own call for currency talks."

Lithium: Magna Steyr To Produce Lithium-Ion Batteries For Volvo TNR.v, CZX.v, SQM, FMC, ROC, DAI, NSANY, BYD, TTM, TM, F, GOOG, RIMM, AAPL, HUI, XAU,

One more auto house name is charging into Lithium space - Volvo is still popular as a solid family car. The more models - the better and faster will be market penetration. With other technologies still in the lab Lithium batteries has became industry standard for Electric cars.

For those who is interested in Zinc Air batteries Canada Zinc Metals CZX.v will be the next Eldorado:

"Now we have not only a solid Zinc recovery play with strong cash position in a district with potential of 100 mil ton with further exploration, but dynamic M&A front runner of Chinese giant looking for further opportunities. Quick move has secured options opened in new hot area of Lithium and REE in International Lithium corp. and CEO CZX.v has opened space for speculation with his comment on Los Azules. Is Tongling up to the Xstrata's plate? Rob McEwen will be another name to mention in this context. Company now have positioned itself for dynamic recovery in Chinese production cycle even with shaky general markets in Zinc. Strategy looks like Investment expansion:Tongling - Canada Zinc Metals - District play with TEC and Korea Zinc - Lundin Mining on board - Zinc and Lead - Cars - Growth space: China largest auto market from March - New Bull - Electric cars - Lithium and REE - TNR Gold and International Lithium Corp."
"Significant shareholders of Canada Zinc Metals include Lundin Mining Corp. (TSX: LUN) and Tongling Nonferrous Metals Group Holdings Co. Ltd."

"Magna Steyr To Produce Lithium-Ion Batteries For Volvo

July 13, 2009
Magna Steyr, an operating unit of Magna International Inc., will produce lithium-ion battery systems incorporating A123Systems’ 32113 lithium-ion cells for Volvo Group.
The battery systems will be integrated into Volvo’s city buses, heavy-duty distribution vehicles and refuse trucks using the I-SAM parallel hybrid system.
Battery production will begin in August 2009 at Magna Steyr’s facility in Graz, Austria.
Founded in 2001, A123 was born out of research labs of the Massachusetts Institute of Technology and was funded initially with a $100,000 grant from the U.S. Department of Energy.
In addition to Magna Steyr, companies using A123 batteries, battery systems and technology in the fields of transportation, grid energy storage and portable power include AES, BAE Systems, Better Place, Black and Decker, Cessna, Chrysler, Daimler, Delphi, Duke Energy, General Motors, Google.org, LADWP, Madison Gas and Electric, Mercedes Benz High Performance Engines, Proctor and Gamble, Sempra and Volvo Truck."

Gold Juniors: Roxmark Mines RMK.v - Insiders are buying in. RMK.v, TNR.v, CZX.v, ASM.v, CGH.to, SGC.v, KTN.v, BTT.v, GBN.v, FST.v, AMM.to, HUI, XAU,

With all big picture in US Dollar collapse and Gold market lets not forget to keep an eye on our Juniors, who will benefit after the gold move.

Roxmark Mines RMK.v: our Canada Gold M&A play - Insiders are buying in:

http://canadianinsider.com/coReport/allTransactions.php?ticker=rmk

This is the best confirmation of our Value observations and encouraging drilling results. They must be liking what they see in shaping of the gold deposit after recent news or maybe some talks are already on the way with Premier Gold PG.to?

"Insider can sell in a lot of circumstances - they buy only in one case: when they know with all available to them information that company is still undervalued."

US Dollar collapse: DPJ’s Nakagawa Says Japan Should Diversify Reserves RMK.v, TNR.v, CZX.v, ASM.v, CGH.to, SGC.v, BTT.v, GBN.v, FST.v, OK.v, HUI, XAU

US Dollar is ready for the next Leg Down from Bearish Flag continuation pattern.

"Some things are Real, Can not be printed or produced by mere PC entry and have been around for Thousand years - others have lost in value more then 90% since inception, based on others' debt and could be double overnight. What will be in Demand after all lies will be exposed?"

Elections are next month in Japan, leading opposition party is calling to diverse from US Dollar based Japan Reserve system - it means that the call is popular with voters. Japan was the last stronghold for US Dollar in Asia. Now this country could join China, India and Russia with their call for International reserve system. France last week made a small vendetta for "freedom fries" with its own call for currency talks.

"DPJ’s Nakagawa Says Japan Should Diversify Reserves

By Keiko Ujikane and Kyoko Shimodoi

July 13 (Bloomberg) -- Japan’s opposition party, leading in polls ahead of next month’s election, said the nation should consider shifting its $1 trillion of foreign reserves away from the dollar and buying International Monetary Fund bonds.
“In the medium to long term, we need to do what we can to avoid the risk of currency losses or economic turbulence that could result if the dollar were to swing,” Masaharu Nakagawa, the shadow finance minister in the Democratic Party of Japan, said in an interview in Tokyo on July 9. “Many countries are starting to diversify their reserves.”
Japanese investors are the biggest foreign holders of Treasuries after China with $685.9 billion of the securities in April, and Finance Kaoru Yosano said last month his trust in the bonds is “unshakable.” The DPJ yesterday beat the ruling Liberal Democratic Party in elections for Tokyo’s city assembly, boosting its prospects ahead of national polls that Prime Minister Taro Aso today called for Aug. 30.
“The current reality of Japan’s foreign-currency reserves is that their heavy weighting toward dollar assets means any fall in the dollar’s value leads to valuation losses,” said Susumu Kato, chief economist in Tokyo at Calyon Securities, the investment banking unit of Credit Agricole SA. “The DPJ is opposed to a foreign-currency reserve policy that is so wholly skewed to the dollar.”
The yen traded at 92.39 per dollar at 2:11 p.m. in Tokyo from 92.54 late July 10. It has gained 4.3 percent this month.
‘Unshakable’ Trust
Nakagawa said Japan should consider purchases of new bonds issued by the International Monetary Fund that will pay an interest rate pegged to the fund’s basket of currencies -- the dollar, euro, yen and pound -- and known as Special Drawing Rights. The dollar is the principal component of SDRs. The IMF said this month it would issue bonds to its 186 members for the first time.
“We should start considering that as an option,” Nakagawa said. “I am not saying we should do it right away. If everyone starts doing it all of sudden, it may sway the dollar.” He didn’t say Japan should sell any of its dollar holdings.
DPJ lawmaker Tsutomu Okubo, a director of the upper house’s financial committee, said there’s no consensus in the party on currency policy. Enhancing trust in the dollar and Treasuries is beneficial for Japan and the country shouldn’t change its currency reserve allocations for the time being, he said in an interview today.
China’s Reserves
China, India, Brazil, Mexico and South Africa last week challenged the U.S. dollar as the primary denomination of world reserves. In China, whose foreign-exchange reserves probably topped $2 trillion for the first time in the three months to June 30, Premier Wen Jiabao this year said he was concerned that his nation’s dollar assets may decline as the U.S. sells record amounts of debt to fund stimulus spending.
Japan holds $1.02 trillion in foreign reserves, also the world’s largest after China’s. Losses on the holdings stood at about 21 trillion yen ($227 billion) at the end of May, according to the Finance Ministry’s estimate.
Shifting reserves away from dollars “may be difficult for Japan” because it would weaken the U.S. currency and reduce the value of the country’s remaining dollar holdings, said Masafumi Yamamoto, head of foreign-exchange　strategy for Japan at Royal Bank of Scotland Group Plc in Tokyo.
“If Japan and China do that, the impact will be huge,” said Yamamoto, a former Bank of Japan currency trader.
Samurai Bonds
Nakagawa, 59, said Japan’s government should ask the U.S. to sell debt denominated in yen, so-called samurai bonds, as a way to diversify reserves and promote the globalization of the yen. Japan should also aim to strengthen the Chiang Mai Initiative, an Asia-wide foreign-reserve pool, and seek the creation of an Asian Monetary Fund, he said.
Nakagawa said intervening in the currency market to smooth abrupt and volatile moves is an option, though Japan shouldn’t try to push the yen up or down to achieve a prescribed level.
“If the yen were to appreciate or depreciate very steeply and the market becomes volatile, direct government intervention might be understandable,” Nakagawa said. “Intervention shouldn’t be used to strengthen or weaken it to a certain level.”
The yen gained against all 16 of the world’s major currencies in the past year. A stronger yen hurts Japanese exporters by making their products less competitive. It also lowers import costs for companies and consumers. Japan last stepped into the foreign-exchange market to sell yen in 2004.
Parliament will be dissolved July 21 to prepare for the lower-house election, Jun Matsumoto, deputy government spokesman, told reporters in Tokyo today.
A total of 23 percent of voters said they would choose the LDP, less than the 41 percent who favor the DPJ, according to a Yomiuri newspaper poll published July 10. The LDP has governed for all but 10 months since 1955. The DPJ already controls the upper house.
To contact the reporter on this story: Keiko Ujikane in Tokyo at kujikane@bloomberg.net; Kyoko Shimodoi in Tokyo at kshimodoi@bloomberg.net"