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Strategies & Market Trends : Asia Forum

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To: Rational who wrote (1911)2/5/1998 2:46:00 AM
From: Thomas Haegin  Read Replies (2) of 9980
 
Sankar, OK the Yen has come down to around 123 now. But isn't this still weak by historical standards? I think some time ago I read that Japanese industry would like to see it or could better cope with it at 110 to the US$. I don't know whether this target level still holds true. I doubt that the Yen will reach or break 110 anytime soon as a weak Yen is welcome for Japanese exporters and make debt payments easier for the SEA countries. Really my 2› only. Set me straight if you feel like it :-)

Thomas
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