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To: pater tenebrarum who wrote (65754)	10/1/1999 1:28:00 PM
From: Les H	Read Replies (1) of 86076

Happy days are here again? Japan reported its unemployment rate fell to 4.7% from 4.9%. This is further confirmation of Japan?s economic rebound. The Tankan report, scheduled to be released on Monday, is expected to be a very positive report. This is a measure of Japanese business confidence. The Bank of Japan left excess liquidity in the market again last night due to the end of the half-year. They did say this should not be viewed as an ease. The dollar is down 1.36 yen to 105.10 yen. This is also pressuring bonds. >>>Of couse, by Monday, all the expectation for a strong >>>tankan may already be in the market or maybe not.

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