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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: long-gone who wrote (43305)	10/18/1999 8:38:00 PM
From: lorne	Read Replies (1) of 116768

Business Insights / Internationalization of yen back on agenda ...." Can we say that the internationalization of the yen has been taken up as a national policy goal?"..... ...." Yes. Prime Minister (Keizo) Obuchi has made this point clear before the Diet.".... ..." However, domestic banks need to learn serious lessons from the difficulty they faced in recent years in tapping the international money market for dollar funds. To prevent another round of "Japan premiums," they should shift from dollar-based lending operations overseas to the yen-denominated loan business."..... ....." I mean that when they extend loans to borrowers in Asia, Latin America or Europe, for example, they should provide yen funds. If the borrower is reluctant to strike a yen-denominated loan contract, they should be prepared to keep such a borrower at arm's length. ".... This is a pretty lenghty report so did not post entire story this should be of interest to anyone following the Euro,Yen, and US$. Full story>>>> scroll to economy then story. yomiuri.co.jp

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