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

To: Lee who wrote (4003)	5/29/1998 4:50:00 PM
From: Stitch	Respond to of 9980

Lee; <<I most certainly believe that the problems are financial in nature due to irrational lending and investing decisions. I think this has forced exchange rates to veer from what industrial competitiveness would dictate.>> Don't forget that forex is now a market with all the connotations of confidence (and lack of it) that go with investing. For example why do stocks rise and fall with no apparent change to fundamentals? Because of some underlying perception of strength or weakness, right or wrong. In the case of Japan and the yen I think you hit the nail right on the head. Best, Stitch