Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ron Bower who wrote (6413)	9/14/1998 11:49:00 AM
From: tom	Respond to of 9980

Foreign reserves 31/12/97 - US$140bn Assuming 30% of reserves are in Yen then this would equal US$42bn (or Yen5,458bn assuming a $/Yen rate at 31/12/97 of 130.61) At the end of August 98 the $/Yen rate was 139.25 so assuming they didn't switch any Yen reserves into US$ then the dollar equivalent of these reserves would be US$39.2bn - a loss of US$2.8bn. This would be covered by dividend payments alone (assuming the bulk of reserves are in US treasuries). Am I missing something?