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

To: borb who wrote (1086)	6/9/1998 8:49:00 PM
From: Step1	Read Replies (2) \| Respond to of 3902

Yes, your logic is right except that ... >>>When yen does down and paid by yen, travelling overseas is not cheap. <<< When the yen goes down, being overseas with yen is more expensive and travelling (airline tickets) should also be more expensive except that the travel industry is hurting so bad (this is the gravy, first to be cut back when recession hits) they are willing to heavily discount the price of flights out of Japan. With more airlines vying for a smaller pie (re : new bilateral agreement with the USA) and Air Canada having entered the market for North America, the prices in yen or in dollars have never been so cheap, even in peak season. Once you land, your purchasing power is severely reduced though... >>>I am more positive about yen vs dollar become 100 or so due to the strong foreign reserve back up and trade surplus, etc. I believe it was the investment pulled out from Japan make the yen fall and Nikkei fall. <<< Huge money outflows in the last 3 months. That's right. >>>Is it bottom yet?<<< I hope you are not asking me... sg