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

To: RWS who wrote (19981)	6/8/1998 9:30:00 AM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

RWS...........Japan Finance Minister unhappy with Yen Sunday June 7, 11:27 pm Eastern Time Japan MOF says ready to act decisively on yen-Jiji TOKYO, June 8 (Reuters) - Japan's Finance Minister Hikaru Matsunaga repeated on Monday he has strong concern about the yen's fall against the dollar and that he is prepared to take ''decisive action'' in response, Jiji news agency reported. ''I have strong concern about the yen's break below 140 yen (to the dollar),'' Matsunaga told reporters in parliament, Jiji reported. ''Decisive action in response to the yen's excessive depreciation may be necessary, and we are prepared to take it.'' Asked if the monetary authorities were condoning the yen's fall, Matsunaga was quoted as saying: ''Absolutely not. It is hard to understand the yen's weakness given Japan's fundamentals.'' So what could they do.......sell some Treasuries and buy Yen? Carl