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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Stitch who wrote (3962)5/28/1998 8:59:00 PM
From: MikeM54321  Respond to of 9980
 
>>If you run across some figures let me know. I will look also.<<

Now I'm not sure how accurate this is, but following Worswick's earlier link to a totally morbid view of the Asian Crisis (not Worswick's view, but the article's!), I came across a figure. The article stated 30%, of the Asian crisis countries exports, go to Japan. That's a pretty big chunk from five or six countries. The article also said something along the lines that Japan uses these countries to lower their costs for export to America. But this still doesn't answer the question about how much Japan exports to the Asian countries. But at least we may know the percentage going to Japan. As you know, that's why a weakening yen is not good for the Asian countries in trouble, so goes the theory.

>>If anyone has any comparative figures or could point us to some it would be appreciated<<

The morbid (I'm adding little puns) article also stated that Japan missed the slow boat to China. It also reiterated, Japan didn't invest in China, then China yanked the oriental rug out from everyone with it's devaluation and exporting powers. So it still appears that Japan has not invested in China.
Thanks,
MikeM(From Florida)



To: Stitch who wrote (3962)5/28/1998 9:12:00 PM
From: Zeev Hed  Respond to of 9980
 
Stitch, if memory serves, more than 40% of Japan's trade is with the affected rim countries. But, it is a strange situation since many of the Japanese companies also have facilities in these countries which help them keep their overall costs down, thus improve their competitive advantage in the US and Europe. As if they needed this, the yen may go through 140 yen/dollar before the night is over (I doubt it, but by the end of next week), it is now 139 plus.

Zeev