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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Professor Dotcomm who wrote (1756)3/10/1999 9:56:00 PM
From: borb  Read Replies (1) | Respond to of 3902
 
Yes, I saw 150 somewhere, too. Supporting Nikkei should come from industrial/business style change and government economic reform. Both factors seem appearing.

Government announced to increase jobs. Sony is pioneer to restructure and reduce manpower. Japan business enviroment is changing.

As for yen alone, at 0.15% interest rate, there is no ground to drop further. I do not see 150 by end of the year, I see more tends to be below 110.

How about you?



To: Professor Dotcomm who wrote (1756)3/10/1999 11:00:00 PM
From: borb  Respond to of 3902
 
*''Nikkei futures traded in Chicago were high, which is a positive sign for the market on Thursday,''
said Yasuo Ueki, equities manager at Nikko Securities Co.

*''A higher yen is a cause for concern, but it is probably a momentary trend and the strength in New
York stocks should keep it down,'' said Ueki.


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