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Tokyo: bankers say a plunge in the Nikkei
may
be the best thing that could happen here |
"The worse the economy gets, the more opportunity for us,"
proclaims a senior European banker. "And the best thing that could
happen is for the Nikkei to plunge through the floor, say below
10,000, and stay there for a year. It would shake the hell out of
the place." It's a sentiment held - although not often expressed in
such strong terms - by many of the foreign bankers based in their
impressive office blocks looking down across the sprawling mass of
Tokyo.
Thierry Porté, Morgan Stanley Dean Witter's tall and
hawkish-looking president, takes a softer line - although not in
his forthright delivery: "To an extent, the problems in the economy
are creating a large number of opportunities. And they play to our
strengths.
But it would be dangerous to say: 'Let's hope...
