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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (41793)	10/24/2008 2:38:04 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218129

I know for a fact that most CEE Ukraine and Russia loved to receive JPY denominated loans including retail mortgages. Several years ago I had a discussion with a high ranking finance ministry official which dismissed such worries and after my argument not to borrow in JPY long term debt I looked as a fool - the JPY started to drop - would love to confront him now <GGG> They borrowed several hundred millions EUR equivalents in JPY for 10 years, interest only and a balloon at the end of the period which is 2009 or 2010 – but then again 1 year is eternity in FX