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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (4492)	6/13/1998 11:16:00 AM
From: MikeM54321	Read Replies (1) of 9980

"As strange as it seems, if the Yen reaches 150 yen/dollar, that may cause flight of capital out of Japan, at a rate much larger than I expected just few weeks ago (at the time I was talking about a "slow" leak of $200 billion/year out of Japan)." Zeev, This is one "strange" situation. It appears to be unprecedented from what I read. Now that the average Japanese person knows his country is in an "official" recession, now they feel their currency is going to be getting weaker, now they are understanding(as we are) that there are some bad banking problems, I totally agree with you. Capital out of Japan is probably going to increase to higher and higher levels. It's a perfect time for the savvy Japanese investor to move savings over to US markets. Whether it be bonds or equities. What a tug-o-war. Liquidity(from all sources), and Low Interest Rates(with fat for cuts) VERSUS Slowing Corporate Profits(for multiple reasons) Which is going to win? What a seesaw battle. I bet the word "choppy" will be the most widely used word on Wall Street in the coming months. Thanks, MikeM(From Florida)

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