Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: smolejv@gmx.net who wrote (19440)	6/3/2002 6:19:25 PM
From: EL KABONG!!!	Read Replies (1) of 74559

Dolinar, My point is that any effort by the Japanese to maintain a weak yen will ultimately be futile. Yes, they might have some impact on today's exchange rate or even tomorrow's and the day after that, but currency exchange rates are like the waters of the great oceans. They seek their own level based on conditions not easily controlled by man (or Central Banks for that matter). In the end, the Japanese Central Bank will have "lost" value after all of the exchanges. They would be better off just riding out the down business cycle, presuming they believe that someday the dollar will rise again. Perhaps they believe otherwise. I know that Japan claims to have much in the way of cash reserves. I just don't think that meddling in the currency markets is a good way of using the reserves to the benefit of the Japanese economy. I do think it may be an excellent way to curry political favor though, for what that's worth... KJC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next