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Strategies & Market Trends : Asia Forum

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To: shadowman who wrote (5457)8/12/1998 12:39:00 AM
From: Ron Bower  Read Replies (2) of 9980
 
Dennis,

"Japan is the worlds biggest creditor nation..........not an enviable position, when a large percentage of the entities that you've lent to are possibly insolvent?........ Hello?"

Consider the HK/Chinese business that borrowed 1M yen (80/$US), converted to 100K $HK/RMB for use and is now converting 60K $HK/RMB to yen (145/$US) to pay off the loan. What was that interest rate? Numbers may be off, but point made.

FWIW,
Ron
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