GOLD-XAU Message Board - Msg: 3084817

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Gold/Mining/Energy : GOLD-XAU

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To: Richnorth who wrote (997)	1/3/1998 3:18:00 PM
From: Abner Hosmer	Read Replies (2) of 1756

Rich - >>I am very puzzled by the stance of the Japanese Government in regard to their economic problems. Despite having much cash and sizeable holdings of US bonds, they seem so overly cautious when it comes to putting their economic house in order.<< I think the Japanese have to be very cautious in approaching their problems. Their holdings of US treasuries cannot even come close to the value of non-performing loans on their books. I think they are walking a tightrope just as far as their ability to meet their current obligations going forward. Now their economy is slipping into recession and they are trying to reverse course. Well, they've had more than 8 years to work on this, and it's to little, too late. I don't think the Asian crises is over by any means. The latest round of loans to Korea hasn't changed the situation in Japan one iota. All it has done is to keep the wave from rolling onto Japanese shores. For now.. Tom

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