Americanization of global finance (cont.)

Doug Henwood dhenwood at panix.com
Thu Sep 23 11:23:15 PDT 1999


Seth Ackerman wrote:


>But why does the the yen keep appreciating? The Ronald MacKinnon
>article from the Economist that I posted claimed it is due to "unresolved
>trade disputes" which struck me as being somewhat vague.
>
> Anyone have any ideas?

Capital inflows, I'm guessing. Japanese investors repatriating and foreign investors trying to play the "recovery."

Doug



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