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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Rarebird who wrote (40057)	9/5/1999 11:51:00 PM
From: Rarebird	Read Replies (3) of 116796

Japan may need to act alone on FX. TOKYO, Sept 3 (Reuters) - Ichizo Ohara, a senior Japanese ruling party legislator and unofficial adviser to the prime minister, said on Friday Japan should be ready to intervene alone in the foreign exchange market without necessarily waiting until it can coordinate action with the United States. Ohara added, however, that the United States might join Japan in preventing a further weakening of the dollar against the yen if it became nervous over an outflow of funds from the United States to Japan. He said U.S. asset prices were close to an upper limit. "Both U.S. and Japanese authorities are very nervous," Ohara said. "So we cannot rule out concerted intervention." marketwatch.newsalert.com

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