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Strategies & Market Trends : India Coffee House

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To: JPR who wrote (1552)	6/15/1998 8:38:00 AM
From: Mohan Marette	Read Replies (3) of 12475

Falling Yen -Yamasaki says Japan ready to support falling Yen. JPR and all: Here are couple of news items which might be of interest. Yamasaki's pronouncements. Monday June 15, 5:15 am Eastern Time Japan ready to support yen by intervening-Yamasaki TOKYO, June 15 (Reuters) - Japan is ready to support the falling yen, even by intervening in the currency markets, Liberal Democratic Party (LDP) policy chief Taku Yamasaki told reporters on Monday. Yamasaki said he had a meeting with Singapore's ambassador to Japan on Monday and that the envoy expressed his concern about the weak yen's influence on Asian economies. ''I told the ambassador that we are ready to support the yen even if it takes intervention,'' ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Asia to recover if debt problem solved biz.yahoo.com

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