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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (61532)	6/7/1999 6:51:00 AM
From: ForYourEyesOnly	Read Replies (1) of 132070

"Business Week predicted a return to the Yen carry trades this week. " Interesting....but, unless one has a very good crystal ball, betting on Japanese interest rates at this point seems like flipping a coin. Who knows where the rates will go? I may be wrong, but it appears to me that with the huge Japanese bond offerings this year: If the BOJ goes ahead and buys most of the bonds, they can keep interest rates low. If the BOJ does not aggressively support the bonds, who knows how HIGH rates will go? WHO could buy that many bonds? What do you think? Thanks! THC

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