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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (16698)	6/10/1999 12:38:00 PM
From: Don Green	Respond to of 99985

Yen valuation issue. I spend nearly 1 /2 of my life in Japan, I KNOW that there is no desire to let the Yen inflate like many of the great minds suggest IMHO. The currency is a very important barometer of a country's health and the Japanese follow it very closely. Yes a cheaper Yen helps exports, but since Japan's main problem is lack of consumer spending and since most resources are imported the Cheaper yen isn't as much of a benefit for the big picture as is often stated. For years the Japanese exporters stated that an exchange rate of 110-120 was preferred. Where Western Exports wanted a rate of 100-120, so 110 seem to the idea level, and where is will likely settle as Japanese extracts it's head form it rear-end. Also Japan HATES to follow suggestions from the west, they prefer to do it their way no matter how wrong or angry it makes the west feel. Speed of action has NEVER been a strong suit for Japan. regards don

To: Les H who wrote (16698)	6/10/1999 6:10:00 PM
From: Yogizuna	Respond to of 99985

Les, And from the "gut" perspective, since we get Japanese television with news and all the works, it seems to me that they are finally bottoming out, with a "brighter" attitude across the board, and even some sumo match days are selling out again. It would be very interesting if they peaked out at the beginning of this decade, and then finally turned at or near the end of it! When I made up a subject titled "Japanese Depression" on Prodigy in late 1990, and went on to say that it was going to be fairly serious and last much longer than mostly everyone thought, many of the readers thought I was literally nuts, but it certainly did drag on for a long time, did'nt it? Yogi