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Non-Tech : Dollar/yen ambush? -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (10)	6/19/1998 12:18:00 AM
From: ForYourEyesOnly	Respond to of 95

Request for more discussion re: Armstrong's yen comments I don't know whether he is right or not, but I think the key concept of his argument is that financial deregulation will cause Japanese funds to "diversify globally", which to Martin A. means selling yen for foreign currencies & assets. I'm sure he means that Japan will follow the lead of the US in diversification & become a more "normal country". But is the US that diversified? Perhaps someone can provide the following numbers: Foreign currencies & assets as a percentage of total net worth of: 1. The US gov't 2. US companies 3. US citizens Foreign currencies & assets as a percentage of total net worth of: 1. The Japan gov't 2. Japanese companies 3. Japanese citizens Are the Japanese, who supposedly own massive levels of foreign currencies really that "undiversified"? I don't have an opinion either way, but I think that this is a key issue, and I would like to hear opinions of others & hopefully specific numbers. Thanks in advance, THC