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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (39744)	3/17/2004 8:42:50 PM
From: Softechie	Respond to of 89467

Because they want to prop up their exports...

To: stockman_scott who wrote (39744)	3/18/2004 6:13:56 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 89467

Scott, if JYen rises to parity, then exporters will get their nuts cut off they will see much of their entire profit margins eradicated just from exchange rate movement it is pure mercantilism by Bank of Japan it never works nowadays, with Japan's trade surplus with China, and Chinese yuan pegged to the USDollar, Japan has even more market pressure to see the basic flow of funds push the JYen much much higher the JYen has moved from 89 to 94 now I said two weeks ago "look for a bounce off 89-91" got it I expect the JYen to move to 100 parity by late autumn that will essentially kill off the Japanese recovery and send them into their umpteenth round of deflation / jim