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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Jacob Snyder who wrote (19656)	5/24/1998 5:14:00 PM
From: jelrod3	Read Replies (1) of 70976

Morgan said Japan was the Key in his recent interview on CNBC... Well, here is some more prognostication on Japan: Saturday May 23, 3:26 pm Eastern Time Camdessus sees slow, limited recovery in Japan KANANASKIS, Alberta, May 23 (Reuters) - Michel Camdessus, managing director of the International Monetary Fund, said on Saturday he expected only a slow and limited recovery of Japan's stagnant economy. **** Speaking to reporters on the sidelines of a meeting of Asia-Pacific finance ministers in this resort in the Canadian Rockies, he said: ''The situation in Japan does not help a quick recovery in Asia.'' Camdessus welcomed proposals by Tokyo to boost domestic demand and strengthen its weak financial sector but added those steps were likely to help the overall economy only ''slowly and to a relatively limited extent''. ''We cannot expect a very strong stimulus coming from Japan,'' he said My bet is that you are going to get a chance to buy AMAT in the 20's before all is said and done. Again, this is in reliance on James Morgan's statement that Japan is the "key" for AMAT.

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