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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (58436)	5/4/1999 12:01:00 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

MB - (...Japan has not raised rates because that would mean even more exports to the USA and the chances of a trade war...) Might that be a mis-statement? - higher rates usually lead to a stronger currency - stronger currency usually leads to weaker exports - higher rates usually lead to a slower economy, although in the case of Japan, lower rates have not produced a stronger economy Regards, Don