29 May 2001, 10:05 Hopes for Koizumi reform unlikely to raise yen in medium term
Hong Kong, May 29 (BridgeNews) - Hopes for the government of Japanese
Prime Minister Junichiro Koizumi to implement his avowed structural
reforms, which have supported the yen to some extent, have not led
currency players and strategists to change their view that a weaker yen
scenario is likely later this year. They maintain this outlook as they
believe the market will shift its focus back to the real economic
fundamentals in Japan, which could further deteriorate if the reforms are
actually undertaken.
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