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Author: Tomo1657 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1634  
Subject: Re: May Date: 6/1/2006 2:18 PM
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Hi JFR101,

Currency exchange rate against the dollar usually does not affect the market much since Japan has a large volume of both imports and exports. Usually a stronger yen also indicates a strong economy, while a weaker economy leads to weaker yen.

The recent drop was mostly due to effects of bad markets overseas.

Many clues point that the immediate Japanese economy has a bright future ahead as Nichi-gin gets ready to raise rates and many jobs are being created. Businesses are reporting great earnings -- even government functions are reporting large revenue for the quarter. Japan is finally entering inflation, too. (Right now the only country who celebrates inflation?)

Nikkei will still go down if world markets take it down with them, but otherwise I see no sign of immediate decline for now.
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