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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 139.60-6.2%3:59 PM EST
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To: Jess Beltz who wrote (5775)6/10/1998 10:22:00 AM
From: Joseph Beltran  Read Replies (1) of 10921
 
Jess,

Thanks for your informative posts. Please comment on this:
What can the IMF do vis a vis the situation in Japan? As far as I can tell the IMF has no "leverage" in terms of terms of recommending or "dictating" market changes or changes in the banking system in that country. As you pointed out, the only thing Japan can do right now is to commit its considerable reserves to propping up the yen but as far as I can tell, they are reluctant to do that because they know -deep down- that it's a losing proposition. As does the U.S.
In your opinion, has the U.S. "given up" on trying to get Japan to implement the necessary market and banking sector changes and shifted its attention and efforts to opening up the markets in China nd S. Korea where it can (ostensibly) work with the IMF to institute necessary reforms?

regards
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