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Pastimes : Ask Mohan about the Market

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To: Defrocked who wrote (9289)11/24/1997 7:49:00 PM
From: Joseph G.  Read Replies (3) of 18056
 
<<Japanese Prime Minister Ryutaro Hashimoto, out of the country in Vancouver at the APEC summit, did his best to set the tone for a calm opening of the Tokyo Stock Exchange.

Immediately upon his arrival in Vancouver after a 12-hour flight while traders' screens were turning red, Hashimoto insisted Japan's woes were very different from the currency problems elsewhere in Asia.

''I would like to make clear that Japan's problems are completely separate from those of the so-called Asian currency crisis, he told reporters. ''I would not like you to make such a connection lightly.

He insisted Japan could solve its financial problems internally, making a distinction between the world's second-largest economy and countries like South Korea and Thailand, which have had to ask the IMF for bailouts.>>

It's like: Japan asks for $1,500B - from who?

Joe
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