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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

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To: Gabriela Neri who wrote (9941)	4/17/1998 12:37:00 AM
From: Abner Hosmer	Read Replies (1) of 116762

more on the yen, inflation concerns: G7: JAPAN SHOULD STIMULATE DOMESTIC DEMAND; AVOID YEN DEPRECIATION economeister.com >> In a communique issued following a 5 1/2 hour meeting, the G-7 said it is "important to avoid excessive depreciation where this could exacerbate large external imbalances." This language was similar to that contained in a G-7 statement issued following a Feb. 21 meeting in London. However, it went on, "in light of this, we support appropriate steps by Japan aimed at stimulating domestic demand led growth and reducing external imbalances, thus also correcting the excessive depreciation of the yen." ...The G-7 gave new attention to the potential problem of inflation. While noting that inflation in G-7 nations "remain(s) under control," they called for "vigilance." They said that will "remain necessary to stay on a non-inflationary path, particularly in the United States and the United Kingdom, so that sustainable growth can be maintained."<<

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