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>Date: Sun, 28 Sep 1997 18:01:33 -0700
>To: "Rick Mortellra" <rmjapan@xxxxxxxxxxxxx>
>From: SAM <magojiro@xxxxxxxxxxxxxxxxxx>
>Subject: Re: Fw: YEN
>
>
>Japanese deregulation "Big-Band" might create outflow of capital. But, is
it true that this will be a great opportunity for Western financial
industry to get into Japanese markets? As a result, inflow and outflow of
capital will increase. Thus we probably see increase in competition and
decrease in transaction cost in long run.
>
>How is this going to effect YEN ? Is it more to do with the Japanese
economy? Also, how speculators will make noise in short run.
>
>SAM
>Tokyo, Japan
>
>>As major deregulation occurs in the Japanese finanacial markets over the
>> coming year with regard to FOREX transactions and holdings of foreign
>>financial assets by Japanese individuals and institutions, the consensus
>> opinion here is to expect to see a tidalwave of capital leave the country,
>> thus a substantially weaker Yen, possibly to the 140-150 level. Of course,
>> if the consesus opinion is wrong you stand to become filthy rich on this
>> bet!
>>
>> cheers,
>> Rick Mortellra
>> Tokyo, Japan
>
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