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

To: ahhaha who wrote (3832)	12/13/2001 12:39:10 AM
From: ahhaha	Read Replies (2) \| Respond to of 24758

And, ...Sakakibara, speaking at a seminar hosted by the Japan Bank for International Cooperation, said it was virtually impossible to contain fluctuations in the world's major currencies -- the dollar, yen and the euro. Analysts said that while a weaker yen might help Japan's economy export its way out of recession, it could undermine currencies of neighbouring Asian nations who export to Japan and compete with Japan in markets elsewhere around the world. Sakakibara said Asian countries must try to shield themselves from vicious currency rate fluctuations through deeper economic integration, particularly because much of their trade is done within the region. ``We have to accept the volatility of the dollar/yen rate or the dollar/euro rate. The question to ask is what can we do regionally to effectively defend ourselves,'' he said. ``We really need regional currency cooperation to defend ourselves from volatility.'' I wonder if he realizes he contradicts himself? When will these fools understand that free market means that you don't try to control "fluctuations".