Re: The Dangerous Rise of the Japanese Yen

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Article #2955

#2955

From: Kei Kashiwabara
Date: Fri, 08 Jan 1999 00:00

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Musashi wrote in message <76vstl$c2s$1@news4.odn.ne.jp>...
>
>
>
>>
>>January 5, 1999
>>
>>The Japanese yen Tuesday climbed to its highest level against the dollar
in
>>months.  Some financial market analysts are mystified by the Japanese
>>government's apparent willingness to support a strong yet, which hurts
>>prospects for economic growth.
>>
>
>
>Your point is that there is something wrong with the japanese yen
>rising this way. But what you have missed in this argument is
>the fact that Japan is still the largest credit country,
>which the U.S. owns much.
>


That is greatly shrinking as yen rises.

Japan is willing to devalue herself against the US.   This is so stupid that
I understand the rumor(the government supports to hurt its economic growth)



-----
Kei Kashiwabara
http://www.bekkoame.ne.jp/~mrkei/home.html

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From: "Kei Kashiwabara" <mrkei@lib.bekkoame.ne.jp>
Subject: Re: The Dangerous Rise of the Japanese Yen
Date: 1999/01/08
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