Asia Recovery?

Doug Henwood dhenwood at panix.com
Thu Apr 15 08:47:12 PDT 1999


Rakesh Bhandari wrote:


>At any rate, it strikes me as absurdly premature to think Southeast Asia
>has exited this crisis as long as Japan remains in a slump.

Japanese asset prices - stocks as well as golf club memberships - are behaving as if the slump is ending. We'll see if this is another false dawn, but one should be open to the possibility that this is the real thing.

Doug



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