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

To: Hawkmoon who wrote (2151)	11/22/1999 1:29:00 PM
From: Professor Dotcomm	Respond to of 3902

Revaluation is not the same as redenomination. Chopping zeroes off does not revalue anything, it only relabels things. For example the Euro was an example of relabelling not revaluing - although they had to create a delicate advance timetable first. The British when they left the Euro club effectively revalued but when they went to a metric pound they redenominated (the pennies anyway). When the French chopped two zeroes off their franc, it led to a sustained bull market in their equity market but, usually, redenomination is a big yawn.

To: Hawkmoon who wrote (2151)	11/22/1999 6:37:00 PM
From: borb	Read Replies (1) \| Respond to of 3902

The professor explained very clearly and positively. I agree with you that take two zero away might have psychological effect. I think it is good effect. People might spend more since the amount looks lower. This might stimulate local consumption.