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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Alex who wrote (532)	7/15/1997 9:04:00 AM
From: mikesloan	of 116764

Japan has no interest in acquiring gold. Tuesday July 15 7:08 AM EDT Sakakibara says has no interest in gold holdings TOKYO, July 15 (Reuter) - Eisuke Sakakibara, the Japanese Finance Ministry's newly appointed vice minister for international affairs, said on Tuesday he has no interest in gold after its position in the international monetary system changed drastically over the past 10 to 20 years. Asked if Japan has any plan to increase or decrese its gold holdings, which are currently much lower than those of many other industrialised nations, Sakakibara said: ``Gold's lustre has declined and I have no interest in gold now.''

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