JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who wrote (2148)	11/21/1999 3:21:00 PM
From: Hawkmoon	Read Replies (1) of 3902

borb, Any thoughts on the potential revaluation of the Yen that is currently being commented on in the Financial Times? Alledgedly, Japanese politicians are claiming that the Yen is threatened with losing its place in the global currency markets so they think chopping a couple of zeros off the end will resolve that problem and restore economic confidence. Funny how people think a "reverse split" in their currency will create confidence. It doens't seem to work that way with stocks..... :0) Watch out... the yen and Japanese markets are overvalued and these guy are getting ready to revalue their currency into that strength. Btw, Toyota reported that their pension liabilities are now double what they had previously reported, or an estimated Y60Bn ($5.7Bn)... They can't be the only ones. Final note.... what happens to a stocks price when rumours are let out about a reverse split?? They normally plummet.. right? I think we'll see the same in Japan. Regards, Ron

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