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Strategies & Market Trends : Strictly: Drilling II
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To: pater tenebrarum who wrote (5326)12/13/2001 4:23:51 PM
From: Wyätt Gwyön  Read Replies (1) of 36161
 
Heinz,
what do you think of the idea, much ballyhooed of late, that Japan will try to significantly devalue the yen as a way of inflating their way out of debt and increasing global competitiveness. i've read they would need to go to 160 JPY/USD at least, and possibly to 200, based on the size of their trade account relative to overall GDP. this view seems quite fashionable of late, although it seems somewhat at odds with the reality of Japan holding so many USD.
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