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Strategies & Market Trends : Asia Forum

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To: yard_man who wrote (3530)	5/13/1998 11:42:00 AM
From: Stitch	Read Replies (1) of 9980

tippet, Actually what I recall Zeev mentioning is that even if a relatively small portion of that arrives in the U.S. equities market we will see a continuation of the bull market. Too late here to search for his specific reference but I recall him mentioning something like 200 billion or 5% of the reputed total whih he said in a hypothetical context. As I look at it I suspect that our equities market, while very attractive on a historical return basis, likely doesn't reflect the sentiments of the average Japanese investor. Just imagine what a passbook savings return looks like to them. For the average Japanese investor I cann well imagine that go offshore in the first place will be a remarkable internal rebellion against much ingrained and inscrutable Asian conservancy practice and mistrust of anything foreign. But I would have speculated the same about the prospects of Japanese individuals opening accounts in a foreign bank and they are lining up at Citibank. Anyone know what rate Citibank is paying to Tokyo based accounts in terms of simple savings interest? Best, Stitch

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