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To: alanrs who wrote (1411)	2/10/2008 10:16:17 AM
From: carranza2	Respond to of 1575

With the ECB getting ready IMO to lower Euro interest rates and the Bank of Japan holding steady the overnight Yen rate at .5%, I presume there will be some effect on the Yen when Euro rates go down. Can't say how the dollar will be affected. I am becoming a bit concerned that Japanese banks have more subprime sludge than they admit. I think it is difficult culturally for the Japanese to 'fess up. Can't disagree with anyone refusing to hold something with which they are not comfortable.