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Strategies & Market Trends : Asia Forum
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To: Rational who wrote (223)12/28/1997 9:05:00 PM
From: Tommaso   of 9980
 
Sankar,

Wouldn't a Japanese inflation actually hurt the United States? With the yen declining, Japanese exports would increase even more.

Keeping the yen high may maintain Japanese sense of dignity, somewhat as keeping the pound high did for the British in the 1920s.

What do you think of the Japanese protectionism with regard to their agriculture? They could import rice much more cheaply from the United States--isn't that true? I can understand how they want to remain self-sufficient for food, but if they would allow free imports of food all the Japanese could eat much more cheaply.

Or so I understand. Maybe I am out of date on that one.

To the extent that I am aware of harboring a prejudice against the peoples of another country, I think it would be the Saudis, who simply happen to be sitting on top of an ocean of oil.

As you say, the Japanese are caught in a sandwich. How do they get out?
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