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To: Ramsey Su who wrote (5024)3/19/1998 4:46:00 PM
From: Thomas DeGagne  Respond to of 10921
 
>Today's trade figures are puzzling. As expected, the trade gap widens >against Korea and Indonesia. Japan, however, actually has a reduction >in trade deficit. How can that be? I gave it a lot of thought this >morning and found no answer.

Korea exports many of the same products as Japan such as cars, TV/monitors, memory chips, steel, etc. Korean companies are probably gaining market share at Japans expense. In fact, Japanese companies may be forced to cut prices just to retain most of their market share.