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

To: see clearly now who wrote (3999)	5/29/1998 11:04:00 AM
From: Michael Sphar	Read Replies (3) \| Respond to of 9980

Japan does not have the local resources to build a sustainable local economy, so the conventional wisdom goes. They have always sought raw materials in other surrounding nations, and recently lower cost work forces there too. It seems to me Japan has done a large service to the economy of the world by driving quality and competition in products large and small. Their product base is quite varied. Korea by comparison fits your description of building over capacity of unwanted products. Consider their impact on semiconductor memory for instance. It appears to me the crux of the problem for Japan is their lack of transparency in financial dealings which allowed for mistakes to be made and then fester for years of denial, both in Japan and elsewhere as in Indonesia.