Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: sciAticA errAticA who wrote (33331)	5/8/2003 8:25:40 PM
From: sciAticA errAticA	Read Replies (3) of 74559

Japan's Shiokawa says yen too high 5/8/2003 8:07:18 PM TOKYO, May 9 (Reuters) - Japanese Finance Minister Masajuro Shiokawa said on Friday he thought the yen has strengthened too much but declined to comment on whether Japan had intervened in the market. "It is a very subtle subject and I cannot say anything about it," Shiokawa told reporters in response to a question on whether Japan had intervened to sell the yen. "But we are not without interest." cbs.marketwatch.com; ========== How many depreciating dollars can Japan buy to keep the yen depressed and their export advantage intact? LOL!

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