JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: Ramsey Su who wrote (1618)	11/18/1998 7:28:00 PM
From: fut_trade	Read Replies (1) of 3902

>Why is the yen so high? I don't understand currency issues very well at this point. But as I recall some major hedge funds were short the Yen at a time when it looked like the Yen would surely go to 160 or so -- and then BANG! -- it goes to 120. Perhaps a "contrarian indicator" is at work. >take over Japan as the economic leader in Asia I doubt that China or any other Asia country will match Japan in the near future. However, I believe the US and a number of other countries would like to have access to China's cheap labor source for the manufacture of high-tech goods. Yes -- high-tech goods can be manufactured in any country these days -- and that's why I think "overcapacity" of consumer electronics, semiconductors, automobiles, ... will continue to become a detrimental problem for Japan. I don't see any way Japan can continue to grow the way it did in the 80s. One thing that puzzles me is that even when the Japanese currency was weak a few months ago, it was still more expensive to buy CDs, food, shirts, etc. there then in Hong Kong.

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