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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: ahhaha who wrote (900)4/14/1998 1:57:00 AM
From: borb  Read Replies (1) of 3902
 
<<This is a major error. Sometimes a central bank just
has to stand around and wring its hands looking inept but doing nothing. The BOJ
failed to persist in this strategy and will learn again that overt intervention is the wrong
policy.>>

Well, I am not sure about this. If Hong Kong can keep their peg with US dollar even at the Asian financial crisis last year, why can't Japan? In fact, a stronger yen might stimulate spending, buying foreign goods.
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