$1.3 Billion Each Day From Overseas - Stool Pigeons Wire Message Board

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$1.3 Billion Each Day From Overseas Current Account Deficit Rate Topic:

#1 Yoshaviah

Assistant Professor of Stock Proctology

Group: Members
Posts: 3,309
Joined: 26-November 01

Posted 11 December 2002 - 01:24 AM

". . . ``Japan's current account position is a background factor for the dollar and the yen, and the real problem is the U.S.'' has a current account deficit that is 5 percent of gross domestic product, said Geoffrey Barker, chief economist, Asia-Pacific Economics and Investment Strategy at Hongkong Shanghai Banking Corp. in Hong Kong. It's ``mainly a dollar problem, rather than'' a reason to buy the yen, he said.

The dollar may fall to 115 yen in six to 12 months, Barker said. . . " - article