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

To: Bosco who wrote (5408)	8/7/1998 3:00:00 PM
From: Joseph Beltran	Read Replies (2) \| Respond to of 9980

forget about good news out of ASIA. the yen is re-testing 8 year low as I write and heading towards 150 next week. no sense of "urgency" coming out of japan vis a vis tackling its problems. business as usual. write japan off. the country has no leadership. I think s.k. will default next. their exports are horrible (japan is not buying) and they don't have $$$ to buy raw materials (all their hard $$$ are going to service their debts). impossible situation. something has to give.