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Strategies & Market Trends : Asia Forum

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To: Jack Clarke who wrote (492)1/6/1998 9:25:00 AM
From: pcyhuang  Read Replies (1) of 9980
 
Japan's MOF's futile effort

Jack,

Referring to your message that Japan MOF is attempting to limit
short sales, the MOF should realize that in today's highly
nternationalized market, such effort is largely futile. Because such
tactics would only drive the business offshore. With a large number
of negotiated derivative instruments available, the large
shareholder/insider can always book a deal with a foreign bank -- in
Hongkong, for example -- to achieve a given desired short position.

pcyh
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