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

To: Bosco who wrote (4905)	6/28/1998 9:18:00 AM
From: JPN	Respond to of 9980

In short, I think it has something to do with the value of the Yen before the G5 was formed in 1985. The forecast believes the Big Bang events slated for December 1, 1998 (trust funds) and April 1, 2001 (accounting practices) will cause more money to flow out of Japan. It also mentions that the trade imbalance gives a inaccurate portrayal of the Japanese economy (i.e., that the Japanese economy is worse than believed) I will try to find the site or a copy of the article and post it. I just do not see how these governments believe they can stop these currencies when the Japanese spent 2B and pulled the Yen down from over 132 to 127 a month or so ago, and the US and Japan spend another 2B last week when it was between 143-146 and took it down to 136. And now after all that it stands at 142 Yen for $1.00. And Hong Kong has about $80B in reserves. Disappears fast in the currency markets....