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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (3115)	7/22/2003 10:45:54 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 4910

you're not seriously comparing the japanese and their actions to the chinese are you? i guess it depends what actions you mean. it seems to me they both aim to keep a lid on their currencies through fixed or floating dollar pegs, and they both do this because they are perpetually chasing the holy grail of "export-led growth". background aside, there are significant differences because China is still in the early and ongoing phases of capital formation, so they have a greater domestic need for money; whereas Japan is in an advanced state of putrefaction -ng-. but i believe they both buy US confetti primarily to keep their currencies from appreciating. i have some familiarity with how the Japanese do it, but i would love to learn more about how the Chinese do it (the fact that they do it is beyond dispute since their current account continues to grow). i imagine there are some considerable differences. even in Japan, the mechanisms they used back in the 1960s are quite different from today. partly this is a reflection of changes in the world, and partly due to changes in Japan as it evolved (and then got stuck in a ditch).