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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: fut_trade who wrote (454)11/24/1997 7:12:00 PM
From: fut_trade  Read Replies (2) of 3902
 
Equities Insight/Nikkei -2: Officials' Remarks May Support

November 24, 1997 23:37:14 GMT
HTS - HTS

...Finance Minister Hiroshi Mitsuzuka made some on Monday, suggesting that he "couldn't rule out" the idea that using public money for the banking system was necessary...

"The drop will occur in the morning and in the afternoon
the government will try to talk the market up, so it should
stabilize," Arai said...

He and other traders said that given reassurances by the
Bank of Japan, the Finance Ministry and the Tokyo Stock
Exchange, they expected Yamaichi's liquidation to go
smoothly, without jolts to the market from defaults or major
short squeezes....

-By Mia Nielsen; (813) 5255-2955; mnielsen@ap.org
-0

11-24-97 1837EST
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