Yen Set To Continue Weakening Throughout 2001

MARKET VOICE

The financial year-end in Japan may bring about a temporary reprieve for the yen, but Aongus Buckley, an economist with London-based brokers GNI, believes that continuing structural problems with the Japanese economy will lead to a weakening of the yen throughout 2001

We expect the yen to weaken over the course of 2001, but the approach of the end of this financial year on March 31 brings the possibility of a temporary yen strengthening. The fall in the Nikkei may force Japanese banks to report

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