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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.35

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Dec 19 9:30 AM EST

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To: Glenn D. Rudolph who wrote (74551)	8/18/1999 9:38:00 PM
From: GST	Read Replies (2) of 164684

Japan talks yen down -- for about fifteen minutes. see below: Wednesday August 18, 9:11 pm Eastern Time Premature yen rise unfavourable--MOF's Kuroda TOKYO, Aug 19 (Reuters) - Japan's Vice Finance Minister for International Affairs Haruhiko Kuroda said on Thursday that a premature yen rise is not favourable and Japan will take appropriate and decisive action as needed on foreign exchange. Regarding the dollar's fall overnight, Kuroda told reporters, ''As I have repeatedly said, a premature yen rise is unfavourable. If necessary, Japan will take appropriate action, and we are prepared to take decisive action.'' Asked about a recent rise in Japan's stock prices, Kuroda said, ''A rise in stock prices reflects expectations for economic recovery, and that is favourable.'' Kuroda added that it is undesirable for foreign exchange rates to move out of line with a nation's economic fundamentals, because foreign exchange rates are used in actual international trading. ''It would be troublesome if the currency rate were at times not in accordance with the economy,'' he said.

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