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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: Alex who wrote (13991)	6/30/1998 7:30:00 PM
From: goldsnow	Read Replies (1) of 116912

"Investors are taking the view that Japan will succumb to foreign pressure, particularly from the US, and develop a bad debt solution," said Sumio Sakamoto, chief investment officer at National Mutual Funds Management. afr.com.au I have taken a slighly different take on this... I think what we are seeing is a token but carefully calculated response. Japanese are well aware That Clinton's administration is handicapped..cannot do anything to provoke further yen slide/yuan devaluation, must intervene to strengthen yen. must hold interest rate steady, must allow trade deficit to grow ..This is an ideal time for Japanese business to take advantage of the developed situation in Asia and emerge even more dominant force in a region..And who is a borrower and lender here? To me a situation akin to somebody who does not have a car, but has a commitment from a friend/relative to drive him around..Who is disadvantaged or tied-up? And yes, by the way the relative/shofer owes money...I look for series of annoncements by likes of Hitachi/Sony/Toyota of Asian investments/expansions... We should see a lot more Japanese tourists next year..

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