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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4546)	8/31/2001 12:20:41 AM
From: Yorikke	Read Replies (1) of 33421

The Japanese government seems in a quandry now that they are trying to face reality..... Finance Minister Masajuro Shiokawa said on Friday he saw no appropriate steps that the government could take to help the weak stock market at the moment, disappointing those investors who had been hoping for some sort of official help. Financial Services Minister Hakuo Yanagisawa said the authorities were making efforts to cope with falling share prices, but needed to gain the market's understanding of their policies. The comments came after his forecast on Tuesday that banks would not solve their bad-loan problems until around 2005, a big factor in the stock market's decline earlier this week. biz.yahoo.com

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