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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