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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (11519)	12/13/1997 9:16:00 PM
From: kormac	Respond to of 94695

Jim, it seems that Joan saw the same comments by Lindsay as I did and basically confirmed what I understood them to be. Actually I was a bit unsure if I had undestood him right and, in fact, searched the net to see if I could find his, one percent per day, in writing. No such luck, however. What are the implications of Japan's actions. Inflation!! I wonder how bad this would be for them. They have been in a deflationary period for 8 years now. They think that they need to devalue the Yen some because they need to stay competitive with the rest of the region. This is the ' competative devaluation' that we have been reading about. China will follow shortly in this round. Lindsay mentioned that Japan's debts are in yen. I think they have little external debt, and good reserve of dollars, they can stand a bit of inflation (as long as it does not get out of hand). Their budget deficits are apparently financed by their own people. I am thinking aloud here and would appreciate anybody's comments on this!! Regards, Seppo