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

To: ahhaha who wrote (900)	4/14/1998 1:57:00 AM
From: borb	Read Replies (1) \| Respond to of 3902

<<This is a major error. Sometimes a central bank just has to stand around and wring its hands looking inept but doing nothing. The BOJ failed to persist in this strategy and will learn again that overt intervention is the wrong policy.>> Well, I am not sure about this. If Hong Kong can keep their peg with US dollar even at the Asian financial crisis last year, why can't Japan? In fact, a stronger yen might stimulate spending, buying foreign goods.