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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (4916)6/28/1998 2:35:00 PM
From: Ron Bower   of 9980
 
Zeev,

One other question:

You state that Japan would do nothing to upset the US economy as it would harm their primary export market. Japanese banks are in trouble. Japanese banks have been the primary source of funds for ASEAN economic expansion. Devaluations of the yen hurts the companies that the banks borrowers. Why are they further jeopardizing their own banks by not taking action to support the yen?

Or are they in a position where anything they do is wrong?

TIA,
Ron
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