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To: Les H who wrote (7789)	6/16/2003 9:02:30 PM
From: Les H	Read Replies (1) \| Respond to of 29592

Currency manipulation by the four Asian trade partners is a major factor behind the ballooning U.S. trade deficit and the loss of jobs in the U.S. manufacturing sector in the past three years, the Coalition for a Sound Dollar said in a report. The report said Japan bought $43 billion worth of U.S. dollars in May in what it calls the most massive intervention ever in foreign exchange markets to prevent the yen from rising against the dollar. The group used the difference between Japan's foreign currency reserves at the end of April and the end-of-May figure as the basis for its currency manipulation charges. asia.news.yahoo.com