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

To: don pagach who wrote (4124)	6/4/1998 4:58:00 AM
From: Thomas Haegin	Respond to of 9980

Don, I personally do not expect Japan government to take any drastic actions, it just is not their style it seems. Rather, I continue to believe that they muddle along, hoping maybe that recent IMF interventions in the region will ulitmately bail out the Japanese big banks with their bad loans to SEA borrowers and everything will get back to normal. The willingness and consensus to implement change is very low in Japan. There are certainly a few highly competitive cos over there (Toyota, Honda, Sony?, Matsushita (spelling?)), but by and large, I have little hope for the "big picture" like government and administration and political culture. Thomas