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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (2119)	11/3/1999 12:46:00 PM
From: Professor Dotcomm	Read Replies (2) \| Respond to of 3902

I think you are right, the index may take longer - perhaps out to May next year. However, I still believe that even with a continued rise in the exchange rate, Japanese business, overall, will be able to live with it - although there will be the usual chorus of groans (which happens in every country whose currency is rising). Permanent damage, though, takes much longer. For Swiss exports, for example, the Swiss franc had to triple against the dollar over ten years before it brought their watch industry to its knees. And it was the same with Germany. In the meantime lets sit back and watch the index's latest tussle with the 18000 mark.