An oddly muscular yen: Japan hasn't bounced back, but its currency has
Article Abstract:
The yen rebounded in October 1998 despite the Japanese economy being is a gridlock. While the US economy is stronger in many ways, the perceived instability in American leadership and Alan Greenspan's poor predictions for the economy caused the fall of the dollar. Many companies have been borrowing in yen and investing in dollars to benefit from low interest rates in Japan. Swinging exchange rates impacts companies such as Tiger Capital Management.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1998
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The other Asian monster bomb: the hot money that burned Suharto has not yet immolated its final victim
Article Abstract:
The economic crisis in Asia is an indication of the power of global capital markets to impose changes on national economies. The crisis caused the downfall of Suharto and is likely to implode the new Indonesian government. It is affecting the healthier Asian economies of China and Japan. Consensus on how to manage the global economy is disintegrating.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1998
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Us fallout still a reality
Article Abstract:
Australia may have weathered the Asian economic crisis of 1998, but it could still be affected by the slowdown in the US. A significant part of Australia's current account consists of holdings by US investors, and any US recession would lead to an outflowing of capital from Australia.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 2001
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