DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

DGIV 0.00

Dec 5 4:00 PM EST

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To: Gary Jacobs who wrote (18007)	7/13/1998 7:03:00 AM
From: Ronaldo	of 50264

Morning all, two basket cases, Russia and Japan, are trying, or each is implying they are trying, to get their act together again. One of the keys to growth in S.E.Asia is Japan's recovery: LONDON, July 13 (Reuters) - The yen slid to its weakest level against the dollar in a month after Japanese Prime Minister Ryutaro Hashimoto resigned on Monday, but European stocks rose on hopes his replacement will accelerate reforms to revive the world's second largest economy. The mark was also firm against the yen and other currencies on reports Russia had reached an agreement on an aid package from the International Monetary Fund. ''The recovery in the yen reflects a belief that in view of the disastrous results, Hashimoto's successor will have no choice but to adopt a more expansive policy strategy,'' said Paul Meggyesi, senior currency economist at Deutsche Bank in London.

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