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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (18961)	9/2/2003 1:59:32 AM
From: emrs1	Read Replies (1) \| Respond to of 39344

No chance in the short run, at least. PM Koizumi has much bigger fish to fry in the next few months -- his party will vote on retaining him as party leader on September 20, and if he is successful, he is likely to call a Lower House election before year end. The recent strength of the TSE has played into Koizumi's hands since it helps stabilize the banks (which still hold large stock portfolios). A change in currency policy would likely hit the exporters (and thus their suppliers and the banks) and this would not help Koizumi in either electoral bid. Of course a currency policy shift wouldn't be announced publicly but it would become evident soon enough. That makes Snow's visit more interesting. Does he really think the old 'gaiatsu' (foreign pressure) will work in this case, or is this about being seen to deliver the same message to Japan that he intends to deliver (with real gusto) to China?