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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Abner Hosmer who wrote (1547)	3/13/2001 11:39:39 PM
From: Ahda	Read Replies (1) \| Respond to of 24758

Here is part of Japans problem and with each drop in the Yen oil gets more costly for her. It is seems unfair as many nations pay for oil in the US dollar terms. The base cost of energy stifles their growth. The C dollar is too low in my mind. Japan Exports -dropped 22 percent from December and were up a modest 2.9 percent compared with January 2000 -- a far cry from the double-digit growth rates recorded last year. China -Last year China's exports jumped a year-on-year 27.8 per cent, to US$249.2 billion - smashing through the US$200 billion mark for the first time and producing a trade surplus of US$24.1 billion. China's imports of crude oil this year are expected to rise to more than 60 million tons. Earlier forecasts had put the figure at 50 million tons, today's China Daily reported. The increase will place added pressure on the central government to make an early decision on the critical issue of a state oil reserve.

To: Abner Hosmer who wrote (1547)	3/14/2001 1:10:44 AM
From: ahhaha	Read Replies (2) \| Respond to of 24758

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. Do Japanese banks owe foreign banks or do they owe other Japanese banks? Repatriate to whom? It is oxymoron to say "Japanese institutions repatriate funds at an exchange rate". If Japanese institutions are repatriating funds, then they are returning funds to other Japanese institutions like banks. The medium of exchange is the yen between them, but maybe those owed prefer to be paid in dollars, so the guy should have said, "Japanese institutions are expatriating funds"! A 10% devaluation of the yen would add $230 billion to the national balance sheet, How do you get something for nothing? What is the national balance sheet? What's the calculation for the $230 billion? I told the Japanese what they should do in '98. They didn't do it. Japan is no longer of any interest to me. Japan should raise interest rates now in contrast to what they should have done in the past.