I have long warned against Japan's political leadership shortcomings, expressed doubt about a real economic recovery and predicted the yen will be weak this year.
But recent woes have come not from within but from the U.S.
Recent scandals, including the Enron debacle and the WorldCom fiasco, have triggered distrust in U.S. corporate accounting. The stock market has been seriously affected, and the dollar is rapidly depreciating.
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