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

To: MikeM54321 who wrote (5433)	8/11/1998 8:06:00 AM
From: Defrocked	Respond to of 9980

Excellent point, 54321. The Chinese are usually very quite about private dealings....why would an "unnamed" official choose to publicize such a sensitive transaction now???(Could it be geopolitics??<g>)

To: MikeM54321 who wrote (5433)	8/11/1998 8:39:00 AM
From: Ron Bower	Read Replies (2) \| Respond to of 9980

Mike, Why should China, with limited foreign reserves, hold yen when Japan, with their large amount of foreign reserves, is unwilling to buy to support the value? It is Japan's responsibility, not the US, and not China that needs the foreign reserves to protect the RMB - and, unlike Japan, they have been buying - to the frustration of the traders. FWIW, Ron