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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: chirodoc who wrote (420)11/16/1997 11:00:00 AM
From: Tharos  Read Replies (3) of 3902
 
Chirodoc,

some good points in article, may miss some important current and past pints.
Currently banks here are worried about tumble in Hong Kong equity prices. In efforts to make quick cash, they have financed quite a bit of HK real estate. May be "buble round 2." I believe this will devistate two or three banks teatering on the brink of colapse. Daiwa is one that quickly comes to mind.

Part of the fuel that propelled the nikkei to its lofty highs was a sales plan by Nomura, quickly followed by Nikko and others. Here the housewives control the family finances, and the men get an allowance. Nomura had its sales forces go after the women, talking them into parting with stashed family funds. Lot of households got burnt and some kids will not be able to go to the "right" schools beause of no money. The women are not likely soon to forget it.

Japan has financed a great deal of America's deficit spending.

If the yen hits 150 to the dollar the Japanese may indeed be able to export their way out of this recession. The US set a target of 105 yen to the dollar a few years back to get the American economy back on track, wanting to export our way out of that recession. Japanese may be looking for some relief on part of US. Of course central banks don't have enough control over ccurrency markets to actually drive prices; however, they do have some impact on rates.
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