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To: nicmarlo
I haven’t been watching that currency; but I was watching the yen....which is trading now about 95 yen to one. I remember back in the late 70’s it was about @220 or 230 to one dollar. An article last night said that the strength of the yen will negatively impact Japan.

Yen is larger than Swiss Franc and more interesting especially since Swiss dropped the 40% gold backing for the Franc in 2000. I'll bet they regret that today
Yen is very healthy for obvious reasons. Japs run a very nice trade surplus and are much more economic nationalist than Americans. High yen is hurting them-- they always get through it

210 posted on 03/17/2008 11:53:57 AM PDT by dennisw (Never bet on a false prophet! <<<||>>> Never bet on Islam!)
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To: dennisw

Japan has certainly come a very long way from the devastation and havoc back in WWII. The earlier recovery was obviously helped by the US and others, but they have themselves, their policies, to thank for their country’s stability.


213 posted on 03/17/2008 11:56:50 AM PDT by nicmarlo (A vote for McRino is a false mandate for McShamnesty)
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To: dennisw
I'll bet they regret that today

I doubt it. If they (the Swiss) don't keep on par with the euro, their exports and economy are toast.

214 posted on 03/17/2008 11:57:42 AM PDT by palmer
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