The International Financial Market and the U.S. Dollar/Yen Exhange Rate

The International Financial Market and the U.S. Dollar/Yen Exchange Rate: An Overview and Prospects for the Future

- Speaker: Kenneth S. Courtis, First Vice President, Deutsche Bank, Asia Pacific

- Date : April 6, 1999

"By 2020, for every 100 people between the ages of 20 and 60, there will be 63 people in Japan who are retired. Enormous pressure will build on Japanese public policy from that perspective. Second, Japan has wasted the 1990s. Corporate restructuring is only starting now. So it has missed the whole technology boom of the 1990s and still basically has an industrial structure that is concentrated on where it was strong in the 1980s..."