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

To: Zeev Hed who wrote (4838)	6/26/1998 12:24:00 AM
From: Steve Tauscher	Read Replies (1) \| Respond to of 9980

Zeev, I remember that you had some very good posts concerning the movement of Japanese savings into foreign markets after the 'Big Bang' reforms this spring. If the japanese are attracted to U.S. rates and safety, I wonder if frequent US $2B or Japanese $20B interventions can stop the yen from dropping if Japanese savers decide to keep moving savings into overseas money market/fixed rate investments? If I recall, the potential numbers you gave were staggering and might overwhelm any intervention efforts. Is it possible that even if Japan does implement some reforms (bank loan cleanup, permanent tax cuts, opening financial markets), or perhaps every reform that the US gov may wish, the Yen may continue to drop? ...and the Yuan will be devalued?? I'm concerned that this can't be avoided. Any comments from this thread would be appreciated. Thanks in advance. Steve T