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To: Alex who wrote (8444)3/17/1998 11:14:00 PM
From: Terry Rose  Read Replies (3) | Respond to of 116770
 
Alex, Japan has only two options that I can come up with to defend their currency. 1. Sell other currency assets and buy their yen (not print it} 2. Raise their short term interest rates. These idle threats are getting old and pointless. If the bond market goes back to 6%, they are going with option #1.

Terry,



To: Alex who wrote (8444)3/17/1998 11:19:00 PM
From: Abner Hosmer  Respond to of 116770
 
Venezuela believes OPEC quotas will rise
biz.yahoo.com



To: Alex who wrote (8444)3/17/1998 11:30:00 PM
From: Abner Hosmer  Respond to of 116770
 
INTERVIEW-Japan must stabilise fin sector--ex-BOJ
biz.yahoo.com

>>TOKYO, March 18 (Reuters) - Japan's most pressing task is to create stable conditions in its financial sector, and that may in the short term mean a slightly weaker yen than would otherwise be seen, a former Bank of Japan (BOJ) executive said.<<


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