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Strategies & Market Trends : ahhaha's ahs

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To: Abner Hosmer who wrote (1547)	3/14/2001 1:10:44 AM
From: ahhaha	Read Replies (2) of 24758

For now, the only policy option that could improve Japanese banks balance sheets before month-end "is an immediate and huge depreciation of the yen," enabling Japanese institutions to repatriate funds at an exchange rate that was more advantageous to them. Do Japanese banks owe foreign banks or do they owe other Japanese banks? Repatriate to whom? It is oxymoron to say "Japanese institutions repatriate funds at an exchange rate". If Japanese institutions are repatriating funds, then they are returning funds to other Japanese institutions like banks. The medium of exchange is the yen between them, but maybe those owed prefer to be paid in dollars, so the guy should have said, "Japanese institutions are expatriating funds"! A 10% devaluation of the yen would add $230 billion to the national balance sheet, How do you get something for nothing? What is the national balance sheet? What's the calculation for the $230 billion? I told the Japanese what they should do in '98. They didn't do it. Japan is no longer of any interest to me. Japan should raise interest rates now in contrast to what they should have done in the past.

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