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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (8281)	11/17/1997 2:38:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 18056

RE:The full story of how the Japanese will intervene is not out yet. Yes, I want to see implementation dates, bank names, size of losses, size of captial infusions etc., etc., etc. Much of what I require for resolution of Japanese banking uncertainty will again be kept behind the scenes. Thus, skepticism. Relative to the selling of US Treas., I would presume the swaps and T-bond futures desks will be very busy tomorrow if true. BTW, on the next round of intervention, maybe they should also coordinate with Thailand(-3.3%),So.Korea(-4.3%),and Malaysia(-1.5%) each down last night.<small g> Good trading all.

To: Rational who wrote (8281)	11/17/1997 2:45:00 PM
From: Joan Osland Graffius	Respond to of 18056

Sankar, >>The Govt is broke. Help me to understand why they can not take on government debt to solve the problem. Joan

To: Rational who wrote (8281)	11/17/1997 6:17:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 18056

SA, Can you improve on my rudimentary understanding of Japanese bank holdings? Are US Treasuries held by many private Japanese banks or mainly just BOJ? What is the approximate size of these holdings and are these mostly T bills, notes, or bonds? How significant are BOJ's holdings of gold? Why does BOJ need to infuse its reserve at present? If Japan exports more than it imports, will that increase its reserve, all other things being equal? Thanks, professor. SC