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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5684)	2/20/2002 10:28:52 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

The fact of the matter is if Nikkei banking stocks are heading south, typically the yen is heading south too." Another quandary for Japan's government and the BOJ. They need a lower yen to increase economic activity (exports) and to boost profits so this bad debt can be paid off or managed. But if they inject public funds into the banks the yen will strengthen (very much as Henry has eloquently outlined for us all).. And if the yen lower, Japan's broken companies prosper artificially on that depreciated currency at the expense of US, Asian, and European competitors, thus putting jobs in those countries at risk. Economic history books will be written about this, imo. Hawk