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Strategies & Market Trends : Asia Forum

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To: MikeM54321 who wrote (4104)	6/2/1998 9:30:00 AM
From: Joseph Beltran	Read Replies (2) of 9980

Mike, I got here also after being run out of amat board for posting on asian situation. I read Jess' update on asia -very interesting, especially japan situation which I view as the key to the situation. nothing has changed my opinion that japan -because of its stubborn, persistent refusal to implement banking and financial sector reforms- will cause the situation there to worsen significantly. indeed, I forsee a full blown major recession bordering on depression being triggered there which will be significantly more painful than anything they have experienced in the past 8 years or so, not to speak of the ramifications it will have on the entire region. I am constantly amazed -utterly amazed- at the stupidity/stubborness of the japanese leaders when it comes to economic programs and strategies. they seem intent on making a square peg fit into a round hole....they just don't get it. Any thoughts on what congress will do with IMF funding request. heard ruben last night on cnn begging congress to pass it again... regards

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