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Technology Stocks : Newbridge Networks

NN 11.86

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10:11 AM EST

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To: djane who wrote (4545)	5/16/1998 3:01:00 PM
From: pat mudge	of 18016

djane -- I'm monitoring the G-8 summit, hoping for signs Japan will take drastic measures to reform its economy. Monday's IBD indicates there's progress:. investors.com <<<BRITAIN: Japan vows to tackle debt woes Japanese Prime Minster Ryutaro Hashimoto is planning ''drastic measures'' to tackle the country's bad- debt problem involving land sales, issuing asset-backed securities and allowing weak domestic institutions to go bankrupt, a spokesman for the Japanese government said. The official said Hashimoto told President Clinton at the G-8 summit in Birmingham, England, that there's a need for ''drastic measures'' to ''grapple'' with the mountain of non-performing loans among Japanese institutions. Hashimoto emphasized that ''perhaps the most important task for his own government . . . is to reform and strengthen the financial system,'' the spokesman said. >>> It's also encouraging that Japan is witholding aid to India as a means of sanctioning their atomic tests. latimes.com; The same LA Times issue notes Pakistan won't pursue atomic testing: latimes.com <<< ISLAMABAD, Pakistan--Pakistan's leaders paused at the nuclear edge Friday, telling a high-level American delegation that they were in no rush to match the atomic weapons tests by archrival India. ÿÿÿÿÿ Meeting with U.S. Deputy Secretary of State Strobe Talbott, Pakistani Prime Minister Nawaz Sharif said he was alarmed by India's actions but not yet willing to give the order for Pakistan to explode a nuclear device of its own. ÿÿÿÿÿ "We are in no haste to test the bomb," Sharif said before heading into a meeting with Talbott in Islamabad, the Pakistani capital. "It's not just tit-for-tat. We are a responsible nation. . . . "

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