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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: X Y Zebra who wrote (1817)6/20/1999 7:22:00 PM
From: Skeet Shipman  Read Replies (1) | Respond to of 3536
 
Gastón and Cary,
May I suggest a few more possible answers to:

what events will cause the $ to weaken?

The coming slowdown of the US economy with continued revival of Japan's economy

$/yen how long can this intervention go on?

Until the Japanize financial institutions have restructured their loan investment portfolio's

No comment on the other questions

Skeet






To: X Y Zebra who wrote (1817)6/20/1999 9:47:00 PM
From: Step1  Read Replies (1) | Respond to of 3536
 
Gastas San, what about the trade figures, do you want to venture an
interpretation on those; Lately what's good is good and what it's
bad is good so everything is good in this wonderful world, so hey, you
can't miss <GGG>

>>>

TOKYO, June 21 (Reuters) - Japan's customs-cleared trade
surplus for May fell 31.5 percent from a year earlier to 834.34
billion yen, the Ministry of Finance (MOF) said on Monday.
Japan's trade surplus with the United States in May rose 14.9
percent from a year earlier to 521.95 billion yen, the ministry
said.

(Unadjusted data, in mln yen) MAY YEAR AGO PCT CHG
Overall balance 834,343 1,218,089 -31.5
Exports 3,565,008 4,042,302 -11.8
Imports 2,730,665 2,824,213 -3.3
(Adjusted trade) MAY APR PCT CHG
Overall balance 1,061,564 1,052,213 +0.9
Exports 3,844,727 3,934,479 -2.3
Imports 2,783,163 2,882,266 -3.4

<<<

I thought the exports to the US were what allowed Japan to float rather than sink...???

comments?

sg