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Strategies & Market Trends : Asia Forum

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To: Michael Sphar who wrote (4000)	5/29/1998 11:32:00 AM
From: Lee	Read Replies (1) of 9980

Re: Japan exchange rates Assume the financial crisis away for the moment.. Based on industrial competitiveness what do we believe is the long range Yen exchange rate. My take is that it is a lot closer to 110 than 140. Yet we will probably see 160 or more before all is said and done. I most certainly believe that the problems are financial in nature due to irrational lending and investing decisions. I think this has forced exchange rates to veer from what industrial competitiveness would dictate. Best wishes, Lee

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