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To: Les H who wrote (72103)	3/13/2001 10:17:35 PM
From: Abner Hosmer	Respond to of 99985

Les, Thanks for all the hard work and the great links. From the last one: >>For now, the only policy option that could improve Japanese banks balance sheets before month-end "is an immediate and huge depreciation of the yen," enabling Japanese institutions to repatriate funds at an exchange rate that was more advantageous to them.<< Since a devaluation of the yen appears to be almost inevitable, I wonder if anyone would care to speculate upon what effect this eventuality might have upon the financial markets and/or gold. Thanks everyone, for the great posts.

To: Les H who wrote (72103)	3/13/2001 10:57:54 PM
From: Sunny Jim	Respond to of 99985

Les, thanks for the interesting article. It states that "A 10% devaluation of the yen would add $230 billion to the national balance sheet, Weinberg calculated. Midday Tuesday in New York, the dollar was trading at Y120.23." Can someone tell me how they would accomplish a 10% devaluation of the yen? What are the mechanics?