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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 (2150)	11/22/1999 12:45:00 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 3902

I would not like to see stocks with reverse split. However, I do not think taking away two zero from yen has the same impact. Why wouldn't it?? If you revalue the Yen... in essence you are revaluing EACH AND EVERY Yen denominated asset. The British revalued their currency back in '68, if I recall correctly (or was it that they re-issued new currency... or both?). It hurt them tremendously at first... but later on it helped. I'm not saying that it will pummel Japan's markets forever, but in anticipation of the RS of the yen, the yen should weaken in anticipation of inflation or more govt dilution of the currency after the split. The psychological aspects seems to me the most interesting aspect of it. Regards, Ron