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To: Investor2 who wrote (6424)7/30/1998 1:19:00 PM
From: Michael Sphar  Respond to of 10921
 
Back then, Japanese automotive products were just gaining acceptance in the US marketplace, a Honda motorbike was 50cc and carried a "cutsy" connotation. No Honda cars were imported then, just some curious Datsuns and Toyotas beginning to compete with the cheap European imports like Volkswagon, Fiat and Renault. Quality had started to improve. Those early Japanese products were mainly a West coast phenomenon.

America reigned supreme in its economic role as the presiding leader of the postwar years though exposure to SouthEast Asia via battling the purported Communist threat in Vietnam was nightly headline material. Previously the Japanese export products were slowly overcoming their horrible postwar image of poor quality and cheapness.

As the Japanese products started their ascent, big iron from Detroit was becoming more and more cheaply constructed and moved visibly counter to the direction of the Japanese.

We've all come a long ways since then.



To: Investor2 who wrote (6424)7/30/1998 1:47:00 PM
From: Clarksterh  Respond to of 10921
 
I2 - Comparing a 70's exchange rate with todays is a risky proposition. Back when it was 350 yen/dollar Japan had an industrial capacity much smaller than they do today. Thus, if the exchange rate were to drop to the 70's rate today we would be flooded with goods with which US producers could not compete. Can you say recession?

Clark