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

To: Sam who wrote (7452)	11/10/1998 10:17:00 AM
From: Ramsey Su	Read Replies (2) \| Respond to of 9980

Sam, I am trying to put myself in the position of a average Japanese Joe with an average savings acct in Japan. Lets see. I can put my hard earned yen in a bank and worry about it failing. I can put it in postal savings or other gov backed instruments and receive a negligible amount of interest. In the mean time, the yen is trading at a relative high to the dollar. Why would I not rush to the neighborhood Merrill Lynch office, exchange my yen for USD and deposit it in US government guaranteed instruments? Why is this not happening? Are the average Japanese under the impression that the yen will go up vs down? Do they think that the US market and government is less reliable than the LDP? Comments anyone? Ramsey