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Politics : Formerly About Advanced Micro Devices
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To: Paul Engel who wrote (38747)10/7/1998 10:36:00 PM
From: Joe NYC  Read Replies (2) of 1578704
 
Paul,

For many Japanese banks, this means dropping one of their sure revenue sources (U.S. Bond and Treasuries Interest)

Whenever something looks like a sure thing, everybody will start doing it and in the end it will end up sure way to lose money. Japanese have to deal with the currency translation, which can eat up all the profits, or if hedged, the yields will be reduced to something close to their domestic yields.

Joe
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