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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (7091)	10/14/1998 6:11:00 PM
From: Paul Berliner	Read Replies (1) of 9980

Mad Hatter in Tokyo............ for personal use only: The unexpected announcement that Malaysian Prime Minister Mahathir Mohamad would be leaving for Tokyo on Thursday throws the regional alignment into confusion, especially when combined with Keidanren's endorsement of Malaysian price controls. This not only redefines Mahathir's role in Southeast Asia, but more important, redefines Japan's relations with the United States. We see the invitation and endorsement as a signal to the United States that if the U.S. continues its course on Asia, Japan is prepared to break with the Bretton Woods conventions. Japan sees the U.S. cut in interest rates as being responsible for the surge in the yen, which threatens exports. If the U.S. is not going to help Japan but instead plans to hurt it, Japan will have to solve its own problems. If so, Japan is letting the U.S. know that it will solve its own problems its own way and that the Malaysian model is the one it chooses. The U.S. is invited to change its policies, but if it doesn't then countries like Singapore are going to have to make some fundamental decisions. -STRATFOR-

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