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

To: Zeev Hed who wrote (5539)	8/14/1998 11:15:00 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 9980

Zeev, As far as I can tell, Japan is continuing with its old tricks: keep telling the market that you intend to do something about your problems and then do nothing. Their economic model has proven to be a gigantic failure. I imagine that-after 8 years of prodding- the u.s. is about ready to either give up on japan entirely (and focus on assisting China in becoming a consumer based world class economy) or consider using more forceful means to get them to act and reform. What continues to amaze me about Japan is that they obstinately refuse to see that opening up their markets to foreign goods will create many jobs, increase domestic demand, increase tax receipts, force their companies to become more competitive, and bolster their overall economy. Those are all positive things for Japan and for the world economy. regards

To: Zeev Hed who wrote (5539)	8/14/1998 11:21:00 AM
From: Ron Bower	Respond to of 9980

Zeev, According to the latest report, China's imports are up slightly from last year - in $US values. When one considers that they are importing cheaper goods due to the devalued currencies, the imports are up considerably more than the amount stated. Much of it is from Asia, but exports to Asia, particularly Japan are down sharply. Overall exports are up and the export surplus is increasing, but it's due to large increases to the US and European markets. Even with the crisis, China still has a large consumer market and the strength of the yuan has made products from the rest of Asia cheap. Each solution to the situation seems to lead back to Japan. FWIW, Ron