Asian FX Suffers Fall-Out From Japan

MARKET NEWS

TOKYO -- Currencies and economies in some emerging Asian countries are starting to suffer as the yen continues its downward slide, local analysts told FX Week.

The outlook for Korea and Thailand -- countries that compete with Japan internationally in the exports market -- is particularly bleak, they said, as the cost of Japanese goods abroad decreases with the plummeting yen.

"The degree of regional exposure to Japan is a concern for emerging markets," Julian Jessop, treasury economist at Stan