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

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To: Ramsey Su who wrote (793)3/26/1998 11:48:00 AM
From: chirodoc  Read Replies (2) of 3902
 
<<<<There are repeated reports that the Japanese government wants to drive the Nikkei over 18000 before FY end next week.

...to get money at fair rates you need a stable financial system. otherwise banks pay a premium to borrow internationally. if the banks are going belly up their cost for capital soars. most of japans banks have tons of bad loans and tons of holidngs in japanese stocks that have gone into the sewer. if the market goes up, their books show green rather than red due to their huge stock holdings. this makes the books look good so they can attract cheaper capital.

......i am waiting to buy, but not jumping up and down yet. if you want to buy--buy in 14-16K range and don't chase it until we see more serious deregulation and tax cuts--just spending money is still pork barrel.

.....personally i am buying u.s technology, banks, drugs--wading into european markets, a bit of korea, etc. still waiting on japan till i see dereg/cuts and not pork.
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