Yen's slump punishes region

Article Abstract:

Japan's decline to a new low at 144.03 against the US dollar is adding to Asia's economic woes. A weakened yen makes it more difficult for exporters that compete with Japanese firms to sell their goods. For other firms that sell directly to Japan, a weak yen renders their products less fetching to Japanese consumers. China's central bank governor, Dai Xianglong, decried that the yen's decline was having an extremely unfavorable effect on the country's imports and exports and the employment of foreign capital.

Other General Government Support, Coinage & Currency, Economic aspects, Japan, Prices and rates, Money, Yen (Japan)

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Asia is learning that banks aren't essential lenders

Article Abstract:

Economic recovery in Singapore, Thailand and other nations is discussed. Banks are reluctant to lend in the wake of the Asian Economic Crisis, but economic growth is happening. Alternative sources of finance, such as the stock market, are emphasized

Commercial Banks, Commercial Banking, Market information - general, International economic relations, Asia, Banking industry, Analysis, Financial services industry, Financial services, Thailand, Singapore

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