Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RWS who wrote (19981)	6/8/1998 9:30:00 AM
From: Death Sphincter	Read Replies (1) of 94695

RWS...........Japan Finance Minister unhappy with Yen Sunday June 7, 11:27 pm Eastern Time Japan MOF says ready to act decisively on yen-Jiji TOKYO, June 8 (Reuters) - Japan's Finance Minister Hikaru Matsunaga repeated on Monday he has strong concern about the yen's fall against the dollar and that he is prepared to take ''decisive action'' in response, Jiji news agency reported. ''I have strong concern about the yen's break below 140 yen (to the dollar),'' Matsunaga told reporters in parliament, Jiji reported. ''Decisive action in response to the yen's excessive depreciation may be necessary, and we are prepared to take it.'' Asked if the monetary authorities were condoning the yen's fall, Matsunaga was quoted as saying: ''Absolutely not. It is hard to understand the yen's weakness given Japan's fundamentals.'' So what could they do.......sell some Treasuries and buy Yen? Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next