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To: John Hunt who wrote (14876)	3/16/1998 5:40:00 AM
From: John Hunt	Read Replies (2) of 18056

Fears of Deflation Rising in Japan washingtonpost.com << Japan's economy shrank in the quarter that ended on Dec. 31, the government announced today, heightening fears of a deflationary spiral of lower wages, prices and profits that will make Japan powerless to pull East Asia at large out of its economic crisis. U.S. officials have been watching the deepening economic turn-down with grave concern. We're "deeply worried that Japan's deflationary problems are gaining dangerous momentum" and will send the economy "spiraling rapidly downward," a U.S. official said. >> More 'good news' ... probably good for another 100 points on the Dow. < G > John

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