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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: Zardoz who wrote (1220)7/1/1998 12:17:00 PM
From: borb  Read Replies (1) of 3902
 
"Japan has the cash to do what it wants and when. It's inaction suggest that it wanted to devalue the YEN.".... But why Japan let yen went from 250 to 90 in the past ten years?

I think it is the market, not just what the government want. Japan has the largest foreign reserve and trade surplus. This is just like a person with lots of money in the bank and received good income but convinced to be poor, not only to others but also himself.

I believe there will be a change when the election is done.
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