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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (3518)	3/22/2001 12:41:44 AM
From: Yorikke	Read Replies (1) of 33421

I realize that together we could highlight the entire article.....but I'm still not particularly impressed with this, we have known the rate cut was a strong possibility. And yet bad Loans and denial still perch like vultures over the party. Everyone is celebrating the marriage but the bride has yet to be chosen.........very interesting..... Market suspicions -- unconfirmed -- that the government was buying stocks also helped spur buying, traders said. Japanese newspapers trumpeted in big, front-page headlines what they described as a promise by Mr. Mori to settle the bad-loan problems at banks within six months. But Japanese officials said Wednesday that Mr. Mori's reference to a six-month target actually involved budgetary reforms, not a banking cleanup, although they added that a framework for addressing banks' problems also could be completed within that time Mr. Gayno of HSBC said investors want a firmer idea of where policy is headed before driving stock prices higher. "We don't know what the government's economic policy is going to be," he said. Details may have to wait until the ruling coalition chooses a successor to Mr. Mori, who is expected to resign in April.

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