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

To: Michael who wrote (14983)	3/13/1998 9:14:00 PM
From: Bonnie Bear	Read Replies (4) \| Respond to of 94695

The Japanese have huge ego tied to a strong yen and have stated publicly that they will take drastic measures to support the yen rather than let it devalue. There's a fear that a devalued currency will turn Japanese workers into sweat-shop workers producing cheap american goods- i bet it brings back too many memories of post WWII japan. They will have to reduce taxes and start securitization of new affordable housing projects to boost the economy and get Japanese citizens to spend their money instead of hoarding it. I think this is why some of the big US-based brokerages were eager to set up shop in Japan- REITs, construction and mortgage-backed securities are very profitable. Is WB buying yen bonds or US bonds? long or short-term?