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

To: Dayuhan who wrote (8056)	2/22/1999 10:13:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

Steven, the old Marshall plan after world war II was exactly what you propose. It worked then and it could work now. The only problem is that the way Japan bungled the job, their budget deficits are already so large that they could not undertake such a massive "asian aid" program. The main source of "liquidity" worth anything are those massive savings in the postal system. Zeev

To: Dayuhan who wrote (8056)	2/22/1999 11:01:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 9980

Had the trade unions been ineffective in the United States at the beginning of this century, economic growth for all would be less than a quarter of what it has been. THIS IS FACT!!! 8-)=

To: Dayuhan who wrote (8056)	2/22/1999 8:41:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 9980

Steven, I don't think the Japanese are ready to consume. If the yen continues to weaken, I wonder how long can China hang on to the yuan, not to mention the Korean Won. Ramsey nni.nikkei.co.jp Monday, February 22, 1999 Trade Surplus Shoots Up 87% In Jan On Higher Yen: MOF TOKYO (Nikkei)--Japan's trade surplus rose for the second straight month in January, climbing a sharp 87.0% from a year earlier to 760.3 billion yen, as the yen's appreciation exaggerated a drop in the value of imports, the Ministry of Finance said Monday in releasing preliminary figures for the month. Though export value also dropped, a significant decline in imports of crude oil and other goods amid weak domestic demand and the stronger yen eclipsed the slide in shipments overseas. Exports skidded 10.6% to 3.45 trillion yen for the fourth consecutive month of year-on-year decline. Shipments to the U.S. dropped 13.6% for the third straight month of decline on sluggish exports of computer parts and other office equipment. U.S.-bound steel exports plunged 28.7%. Exports to European Union nations edged 1.4% lower, the first fall in 25 months, on the lackluster performance of notebook personal computers and copiers. Shipments to Asian countries dropped for the 13th month in a row, by 9.4%, dragged down by flagging demand for microchips and automobiles. Imports declined 22.1% to 2.68 trillion yen, for the 13th straight month of decline. The largest fall in import value since February 1987 w as blamed on a 14.7% year-on-year strengthening of the yen against the dollar. In terms of volume, imports dipped only 2.2% from a year before. Imports of crude oil plunged 49.2% due to the yen's upturn and lower prices. The customs-clearance price of crude oil in January was 8,143 yen per kiloliter, the lowest since 1974 and 46% less than a year earlier. (The Nihon Keizai Shimbun Monday evening edition)