Afraid Of The Big Bad Yen

Although Asia's emerging economies have largely escaped the harmful effects of the Mexican currency crisis, economist Joseph P. Quinlan of Dean Witter Reynolds Inc. notes that several will be hurt by the soaring yen. "The yen's strength," he says, "is bad news for those nations that trade in dollars but borrow in yen."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.