Some see steep plunge for the yen this year

Article Abstract:

Analysts have widely divergent views of the outlook for the Japanese yen in 1999. Some predict a depreciation to 130 yen per US dollar while others state that a sharp plunge to as low as 170 yen per US dollar may occur. The primary reason for the uncertainty is the inability of Japanese policymakers to decide how best to break the deflationary cycle that has hobbled the economy for much of the 1990s. Should predictions of a reversal of policy be true, then the 170 yen per dollar scenario may not be too farfetched since any move to reflate the economy will lead to a fall in the yen's value.

United States, Strategy & planning, Japan, Prices and rates, Inflation (Finance), Yen (Japan), Inflation (Economics), Deflation (Finance), Deflation (Economics)

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Crisis-torn economies address their debt problems

Article Abstract:

Southeast Asian countries whose economies have been severely affected by the regional currency crisis have started to address their foreign debt obligations. South Korea and Thailand, which have significant sums of short-term foreign debt, have refused to bailout their private sectors out of their foreign debts. The International Monetary Fund has encouraged banking institutions and private sector borrowers to hold dialogues on how to best restructure their debts.

Public Finance Activities, Fiscal Policy, Management, South Korea, Indonesia, External debt relief, Debt relief

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Lower rates may return to Southeast Asia

Article Abstract:

Traders and financial analysts predict that Southeast Asian currencies except the Thai market may be expected to improve as economic indicators show a positive outlook. The countries expected to have improved markets include the Philippines and Malaysia. The interest rates in Thailand remained high despite devaluation and rate lowering actions taken by the government.

Foreign Exchange & Reserves Policy, Financial services industry, Financial services, Forecasts and trends, Thailand, Financial markets, Foreign exchange market

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