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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3270)4/27/1998 3:24:00 AM
From: Fortinwit  Respond to of 9980
 
FULL TEXT-Interview with Japan's Eisuke Sakakibara
biz.yahoo.com

Q: What you said about leaning with the wind, some investors interpreted your comments on Friday that they should be aware of the risk of the yen strengthening as a lack of short-term concern about levels or valuations for the yen. Is that a mistake?

Sakakibara: Well I think the wind is, you know, well maybe up until two weeks ago, three weeks ago, the market was completely bullish on the dollar. I think the sentiment is slowly changing. With this package, we know what the real
sector is going to turn around within the next six months or so, so there is definitely the risk of strengthening of the
yen.



To: Mohan Marette who wrote (3270)4/27/1998 9:29:00 AM
From: tom  Read Replies (2) | Respond to of 9980
 
I heard Paul Krugman speak at the Merrill Lynch Asia Pacific Conference last Wednesday. His advice to the Japanese was:

"I would tell them to triple the money supply and see what happens. Which I am glad to see they have started doing"

He thinks that you should forget about de-regulation and trade gaps. All that matters is that there is too little demand. If you keep pumping money in then surely the consumers will spend one day. Won't they?


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