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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (3098)	9/27/1998 6:27:00 PM
From: Mad2	Respond to of 4634

Japan is responsible for the timing of the problem in Asia, going back to March/April of 1997 when they raised taxes to lower the govt's deficit choking off what was a promising recovery at the time. The Japanese government has been screwing the Japanese consumer for a long time (.5% interest rates). Japan needs to stimulate consumption in their economy which represents 85% of the domestic consumption of the Asian region. The old way of exporting their way out of their problem won't work because they won't be taking it from the Western economies, they be taking business from the Asean countries.