Latin American beat: equities excel - and have further to go
Article Abstract:
The International Finance Corp reports that Latin American investment portfolios have consistently outperformed Asian stocks. While country funds boosted the performance of Asian marketsin the late 1980s, Latin American nations were focusing on economic development. The initiatives implemented have resulted in reduced deficits, lower inflation rates, privatizations and foreign access to investment markets, effecting equal and better performance than Asian stocks. However, Indonesia and India, Pakistan and the Philippines may be good short- and medium-term investment markets.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Stimulus to sell
Article Abstract:
The share price index of the Tokyo Stock Exchange continues to fall despite cuts in the official discount rate and other economic stimulus packages. On Apr 1, 1992, the Bank of Japan announced a 0.75% cut in the discount rate. Immediately after the announcement, the Nikkei stock index dropped by 600 points to close at 18,700. Despite monetary and fiscal measures designed to stimulate the flagging economy, confidence remains low among local businessmen and investors.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Cursed by the cure
Article Abstract:
The Japanese government's success in dealing with asset inflation came at the expense of the real estate and stock markets. Real estate and stock values have declined as a result of government efforts to curb asset inflation. This development has had adverse effects on Japanese financial markets. The government is now trying to remedy the problems it help brought about by attempting a rescue of the real estate and stock markets.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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