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

To: Bosco who wrote (5930)	8/27/1998 8:31:00 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 9980

Bosco, Hashimoto promised Clinton (and Rubin) to act forthwith if the U.S. intervened with Japan in support of the yen....That promise, along with other "promises" by the japanese will go unfullfilled (for now)...Why should that surprise us? The japanese have been "promising" reforms and changes for as long as I can remember and their modus operandi has been to initially proffer one excuse after another for not fullfilling those promises and waiting until their backs were literally against the wall (read: imminent threat of a trade war) before they acted. Rubin KNOWS this and that is why he was against the U.S. intervening to support the yen...He KNEW that japan would not come through...It's deja vu all over again.