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To: pater tenebrarum who wrote (85398)	2/8/2001 5:23:54 PM
From: Knighty Tin	Read Replies (4) \| Respond to of 86076

hb, You nailed it. Toyotas, Hondas, and Nissans are still the best cars in the world and Japanese consumer electronics, ex computers, a pretty big ex, rule. But even in computers, Toshiba is still a major player in portables, and several other cos. are also in the game. Fujitsu had been gaining market share everywhere until recently. Japan's greatest weakness is definitely its banks. But Japan's greatest strength, often considered a weakness in the USA, is its savings rate. That savings rate allows Japan to invest in productive capital spending like no other country in the world. Which makes me think that even with lousy banks, they will emerge from this mess. Of course, we had a similar situation in the US in the 30s and it took us 15 years and a World War to shrug off the doldrums. Seems like Japan has been sucking wind almost that long right now, but it has only been about 5 or 6 years of "malaise."

To: pater tenebrarum who wrote (85398)	2/9/2001 11:57:14 AM
From: John Pitera	Read Replies (1) \| Respond to of 86076

With the Japanese devaluing the yen bit by bit the are competitive globally. What would really be a curve ball for the global economy would be if China devalued the Yuan, out of the blue to keep pace with the softening of the Japanese currency. I'm not saying it will happen, but that would be a bad day for the system. can you imagine the FED doing an intermarket ease to counteract the destabilizing impact of a Chinese currency devaluation. This post here is a good one, you've probably seen some of the material. Fred Hickey certainly makes the case that tech company stock prices are still very high and that there is overcapacity. Message 15317936