Speech by Prime Minister Ryutaro Hashimoto of Japan at the Opening Ceremony of the Second Asia-Europe Meeting
3 April 1998
"...Turning our eyes to Europe, this region has also responded to the demands of the times by taking a monumental first step toward a new integration. Asia, which has learned much from Europe and has observed the historical role played by Europe in the world, has to feel moved by European efforts to promote Integration, embodied in the adoption of the single currency, and in the way that, as in Asia, the rich history, tradition and uniqueness of each country are not hampering their developments, but are rather the source of their momentum. The euro goes beyond solving the simple problem of increasing the efficiency of the European economy, its impact as a potential new key currency will extend to the world at large. Asian countries, which since last year have experienced economic crisis triggered by currency crisis, are paying close attention to these developments as moves which have deep implications for Asia..."
[Mrt: Got here via ANOTHER´s note:
Date: Fri Nov 07 1997 22:37
ANOTHER (THOUGHTS!) ID#60253:
1 ) Why then did Hashimoto threaten to sell US SECURITIES and buy gold?
He will do both, but not in order or in amounts supposed. The BOJ is buying gold now , much more than assumed. They will sell US debt but only after a rising oil price runs the US$ thru the roof. Even then it will be as minor currency management!]
Wiki: Ryutaro Hashimoto