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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (16413)	11/21/2004 1:16:04 AM
From: mishedlo	Read Replies (2) of 116555

G20 MEETING Japan says has confidence in US adherence to strong dollar policy [Oh man - I have to post this one just for humor. mish] Saturday, November 20, 2004 7:10:06 PM afxpress.com BERLIN (AFX) - Japan said it has confidence that the US government is still sticking to a strong dollar policy despite the currency's recent slide "I have confidence in the United States government," said Hiroshi Watanabe, vice finance minister for international affairs at the Ministry of Finance Watanabe told journalists at the G20 meeting in Berlin that he welcomed today's exchange of views on US dollar policy between President George Bush and Japanese Prime Minister Junichiro Koizumi Speaking on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum summit in Santiago, Bush said he had explained to Koizumi that the US remains committed to a strong dollar, while Koizumi said a strong dollar is in the interest of both the US and the world economy Meanwhile, Japan's Vice Finance Minister Ryotaro Tanose reiterated that excessive moves in exchange rates are not desirable

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