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To: Mark Fowler who wrote (78823)	9/28/1999 8:44:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

Mark: the news out of the G7 on the weekend was that concerted pressure was put on the BOJ to print yen as fast as they can. The BOJ and MOF have been struggling. MOF issues a zillion in bonds and expects BOJ to mop them up with freshly printed yen. The BOJ had been saying no until last weekend. This has driven the yen up in value. Now it is not clear if they will comply -- but the pressure to comply is intense from within Japan and from the international community -- this will weaken the yen until people have a chance to 'wait and see' what the BOJ actually does. Our markets will rally as the dollar appreciates during this time. If the BOJ is not printing money then we will get a sudden spike in the yen somewhere down the road -- 2 weeks to a month and a half from now -- good luck.