John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (3427)	3/9/2001 12:12:50 PM
From: John Pitera	of 33421

Hi Ron, sshhhh on the Yen-Carry Trade talk..... As the Zen philosopher basho says....... Let Sleeping Dragon Rest -g- I though that was a cool article, but we can remember what happened when the YEN carry trade positions blew up in 1998. goes to show the money goes round and round. Hayami may be looking new angle to the problems. -------While the double-talk out of Japan has pretty much fried our brain at this point, we did find recent comments from BoJ Gov Hayami rather interesting. For the first time we can remember, Hayami actually failed to slam the door on the idea of inflation targeting. While Hayami said that the BoJ is not ready to adopt such a move, he did suggest that inflation targeting may be a viable move once structural reforms settle the economy down. For our part, we wonder if Hayami may be trying to work a deal with the politicians, as he certainly does not want to go down the monetization path without assurances that fiscal policy can help to attract ever-larger and more stable capital flows.-----

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