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Strategies & Market Trends : World Outlook

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To: Don Green who wrote (2187)	6/12/2003 11:00:23 PM
From: Les H	Read Replies (1) of 49281

Japan king of the deflationary economy yomiuri.co.jp Yen-dollar unilateral intervention has reached record levels--since the start of this year, more than two-thirds of Japan's current account surplus has been recycled via Japan's dollar buying to keep the yen from appreciating. De-facto, the yen is now pegged to the dollar. Welcome to the Bond Bubble American style, courtesy of Japan.

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