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

To: Step1 who wrote (2306)	12/14/1999 8:01:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 3536

if foreigners have been buying J stocks eagerly, it means someone has been selling just as eagerly... the numbers show that at least for '99 every domestic sector has been selling. You are right that non yen deposits have done poorly. I don't think that there has been a significant move into non yen depos by the Japanese retail sector. It will be interesting to see what happens in the future. One of the few ways I can think of for the Japanese to get out of this involve currency debasement and significant yen depreciation. If they choose that route it will be interesting to see how much money moves out of yen.