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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KeepItSimple who wrote (150763)2/12/2002 1:38:02 AM
From: GraceZ  Read Replies (1) of 436258
 
I had the article on the bottom of my post this morning.

Message 17045057

Shiokawa said he wanted the body to start buying stocks in earnest as early
as next week.

``We must halt this fall in shares. It's like diarrhoea, we must stop it,''
Shiokawa told a news conference.

Shiokawa said he wanted the Ministry of Finance to provide two trillion yen
($14.96 billion) to the state stock-buying body to buy shares from banks.

An official source said Shiokawa apparently was referring to the entity's
two trillion yen of financing guaranteed by the government.

Shiokawa also said Japan should make a strong statement against speculative
stock market trading such as short selling, in which traders sell shares
they do not own with the aim of buying back later at a cheaper price.
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