Asia Recovery?

Doug Henwood dhenwood at
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.


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