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

To: Jay Scott who wrote (6784)	9/28/1998 10:34:00 PM
From: Dayuhan	Respond to of 9980

Jay, <<how do the other Asian countries feel about having their fortunes so closely tied to those of the Japanese? Any unease and/or resentment?>> I'm sure it varies among countries and among economic sectors within countries. Most people involved in business and/or investment are definitely frustrated with the Japanese reluctance to move decisively, much as Americans are. On the other hand there is a real - if somewhat irrational - pleasure at seeing the Japanese humbled. Quite aside from throwing their weight around the region in WWII, the Japanese are often perceived - here at least - as being arrogant and ethnocentric. Much as they dislike the ripple effect, a lot of people enjoy seeing them taken down a peg. My own feeling is that China is handling the crisis much better than Japan is, and may emerge in a position to make a serious run at overtaking, or at least achieving parity with, the Japanese (as dominant regional economic power). Which will leave an entirely new political and economic landscape in Asia. Steve