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

To: Step1 who wrote (4251)	6/8/1998 12:40:00 AM
From: Beiming Wang	Respond to of 9980

Both US & Japanese government have no choice but let the yen down for the foreseeable future, in my opinion. I believe the Chinese government will follow the step to devalue its yuan soon. The next nasty fall allover Asia is on the horizon. Get out of the market there while we can. People on the US side in general do not know the true magnitude of the upcoming danger.

To: Step1 who wrote (4251)	6/8/1998 5:55:00 AM
From: MikeM54321	Respond to of 9980

Re: Yen Fall We've heard this before. Maybe there is only so much intervention can do. It's a real problem attracting money when you are paying .5% interest rates and very few have confidence in Asia. >>MOF says Japan to take decisive action on yen fall TOKYO, June 8 (Reuters) - Japan will take ''decisive'' action on the ''excessive'' fall of the yen, Vice Finance Minister Koji Tanami said on Monday. Asked about the yen's slide to seven-year lows below 140 to the dollar, Tanami said the Group of Seven nations, especially Japan and the United States, ''have agreed to cooperate in response to excessive yen depreciation, and in that line we will take decisive action.'' Tanami acknowledged that the dollar/yen ''rate is something determined by the market,'' adding that Japan's action would be aimed against ''excessive, drastic yen depreciation.'' On reasons to be concerned about the yen's drop, Tanami cited its tendency to push up Japan's trade surplus as well as its effect on other Asian economies and currencies. ''We must think of the effect on Asian economies,'' Tanami said.<<

To: Step1 who wrote (4251)	6/8/1998 10:42:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9980

Stephen, I see you post on the Japan thread quite a bit. Thanks for having an eye on Asia Forum also. Please feel free - you or everybody - to submit links here to interesting posts on the Japan thread. I for once am very curious about developments in Japan. Thanks a lot, Thomas

To: Step1 who wrote (4251)	6/8/1998 11:03:00 AM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

Stephan, I noticed in your profile you are located in Japan. You may be a good person to ask this question I've been curious about. I think it was about three weeks ago where I posted an article about a meeting between, "Five top business leaders." It was almost as if they were talking very freely because only a local Japanese paper covered the meeting. So they said some things I couldn't believe. I picked up the article, via the net. Basically, the consensus between the five of them, was, "Let the yen weaken. It's good for us." As you can imagine, I was very surprised to read this. My question is, since you are over there, I imagine you speak the language. Do you get the feeling that most Japanese business leaders, confidentially, want the yen to weaken further? Thanks, MikeM(From Florida)