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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (518)	11/27/1997 2:14:00 AM
From: synchro	Read Replies (2) \| Respond to of 3902

The $200 bilion FX reserve is real. I'm now sure how real the $3 trillion is(is it $1.8 trillion or $3 trillion? Jez, guys, a trillion here & a trillion there then you're talking about real money). $1.8 trillion of _deposit_ is on the liability side of the postal savings ledger (assuming the Japanese are using double-entry accounting --> with some of the spectacular financial detonations in recent years, you're never sure). I just wonder where the government "invested" that $1.8 trillion in ordinary Japanese's postal savings. Did it go into public works boondoggles? Or was it wasted on Nikkei price-keeping operations?