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Politics : Idea Of The Day

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To: Jerry Olson who wrote (17735)	4/3/1998 7:28:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

OJ-- Notice one thing this time around Japanese weakness have no impact on markets or the so called 'flight to capital ' is not visible. It can only signal one thing the selling in JPN or ASEA would lead to price stabilisation but no deflation. Probably this will delay any rate hikes if Japan stays under pressure. $/ yen cross rate with yen weakening may add more fire to the market. $ strength has always brought strength in the markets.

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