41. GERMAN shares fell amid concern about financial stability in Asia after the collapse of Yamaichi Securities Co. German exporters were hurt as the dollar weakened against the mark. 42. However, some exporters are increasingly optimistic that the worst may soon be over, according to the Australian Council of Wool Exporters. 43. If the yen declines, Chinese exporters would be less able to compete in world markets with lower-cost Japanese goods. 44. In recent months, manufacturers have added workers even with slower domestic sales because many exporters were able to ship overseas, where demand remained strong. 45. Investors bet such exporters would still be profitable even with recent gains by the yen. 46. Japanese exporters are likely to sell dollars for yen to bring profits home, he said. 47. Japanese exporters are unlikely to sell dollars aggressively for yen to bring profits home, Yamashita said, because many expect the dollar to climb further. 48. Kinoshita also said many Osaka-based exporters are comfortable with the yen-dollar exchange rate. 49. Many affected exporters are angry that the United States has singled them out for punishment. 50. Not only are exporters finding it more difficult to export but domestic demand is slowing as importers begin to exploit the competitive advantage the strong pound is giving them. |