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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (2059)8/11/1998 10:10:00 AM
From: Ron Bower  Read Replies (1) | Respond to of 2951
 
Defrocked,

Asking the same thing here as I did on Asia thread - why should China protect the yen if Japan won't? Japan has far more foreign reserves than China and the ability to prevent the fall of the yen while China must preserve their foreign reserves.

IMO - The ASEAN countries are done, South Korea is on the edge, and Japan seems determined to take everyone down including themselves. China should do whatever is necessary to protect itself from Japan's 'head in the sand' policies.

FWIW,
Ron



To: Defrocked who wrote (2059)8/11/1998 10:42:00 AM
From: Tom  Read Replies (1) | Respond to of 2951
 
Defrocked/Ron: My take on events occurring on both sides of the Pacific is not affected by the PBoC selling yen. It's not a major factor from my perspective.

I'm sticking by my summary, Ron.


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