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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16182)8/14/1998 4:41:00 PM
From: John Hunt  Read Replies (2) of 18056
 
Bailing Our Friend China Out Of The Yen Mess

nypostonline.com

<< How's this for nerve?

The Chinese government has been selling its stockpile of yen even as officials in Beijing were chastising their friend Bill Clinton for not supporting the Japanese currency. In other words, the Chinese wanted the U.S. to stabilize the yen so they could get out without any more losses. >>

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