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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (18352)	4/1/1998 11:51:00 PM
From: BigShoulders	Respond to of 70976

Ramsey Re: freeing Japanese financial markets If it really happen that the Japanese can freely anywhere in the world I think this is a big positive for Asia and recovery of their economies. Japanese investors may chase equities in U.S. and Europe for awhile because that is where the performance has been. But investment yen, dollars, pounds, francs and marks will be coming back to Asia because relative to other markets the Asian markets are undervalued. The biggest plus will be money will be invested in businesses with the greatest profit potential. As oppposed to the Japanese and Asian model of government direction of where investments are made regardless of the profitability. The Asian's have put high emphasis on sales and market share, not on profits. Example, over abundance of semi fab shops producing DRAMS far in excess of demand, thus driving prices down. I believe they don't account for the cost of capital in their profit/loss statements. It remains to be seen how much and how fast Japan and Asia will change. But there are a number of positive signs. I think Japan and Asia markets will outperform the U.S. and Europe over the next ten years. Just my opinion BigShoulders