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To: GST who wrote (63641)6/22/1999 12:09:00 AM
From: Sarmad Y. Hermiz  Read Replies (1) of 164684
 
GST,

>> Two seperate
days of intervention have cost Tokyo about ten billion dollars. The question is, who has
more money and staying power -- the forex market or the Japanese government?
<<

All that Japan needs to do to reduce the value of the Yen is to print more of it, which will help reflate their economy. Why do they need to spend any forex for that ? It seems to me they can just sell Yen and get dollars.
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