During a question-and-answer session after his speech at Columbia University, Hashimoto said : " I hope the U . S . will engage in efforts and cooperation to maintain exchange stability, so that we would not succumb to this temptation to sell off Treasury bills and switch our foreign reserves to gold ."
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That was in sharp contrast to the markets'reaction to Hashimoto's comments in June, when the dollar and Treasury prices plunged after he said in a speech in New York that he hoped the United States would work for foreign exchange stability, " so we don't have to succumb to the temptation to sell off U . S . Treasury bills . " ( apdj-bks)
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