Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (46657)	2/25/2004 3:40:06 PM
From: elmatador	Respond to of 74559

<<sending our purchasing power to the US>> Can Japan, ever, see the USD parked in the US again? <<Last year, Japan spent about $185bn - about twice its trade surplus and three times the previous record - to prop up the dollar and arrest the yen's appreciation. The policy has been seen as aimed largely at helping exporters, who are leading Japan's economic recovery. However, Mr Köhler suggested it was also playing an important role in monetary policy. Japan has been steadily printing money to buy foreign currency bonds.>> <<Most of Japan's $741bn of reserves, the world's largest, were parked in US treasuries, dead assets that could never be repatriated, he said. "If we tried to sell dollars, the yen would dramatically appreciate. Technically we could do it, but economically it's impossible.">>