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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (40727)3/29/2004 11:27:38 AM
From: Jim Willie CB  Read Replies (5) of 89467
 
Japan faces tough dilemma
allow the JYen to rise toward parity 100
which would hurt exporters

intervene to stop the JYen from rising
which would invite foreign flight of hot money
and hurt Nikkei stocks, Banks, etc
they would reverse course and head back underwater

I say they sacrafice on exporters and stop fighting the reality of the JYen runup, which is only natural
huge trade surplus with USA
big trade surplus with China, which is pegged to US$

/ jim
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