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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 121.64-2.3%Jan 29 3:59 PM EST
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To: Richard Habib who wrote (6012)8/2/1998 11:06:00 AM
From: Estephen  Read Replies (1) of 93625
 
"it appears Japan has decided on a strategy to inflate their money supply "

Japan has decided absolutely nothing about their economic plan. The guy was only put in office last friday. I don't think they'll inflate
the money supply since that would just cause inflation and higher interest rates in their country. Look for banking reform and a tax cut. That's what the US wants.

associated press--

Mr. Clinton told Mr. Obuchi during the 12-minute phone call Saturday that he hoped to talk about economic conditions in Japan and other Asian countries at the meeting, according to a ministry official who spoke on condition of anonymity.

Mr. Clinton also congratulated Mr. Obuchi on the inauguration of his new Cabinet, he said. Mr. Clinton proposed the summit be held on Sept. 21, when he will be in New York for a United Nations meeting.

Mr. Obuchi said he will try to arrange a visit after reviewing domestic events and Parliamentary schedules, the ministry official said.

Mr. Clinton "encouraged him to take this time as a window of opportunity to act on the economic problems that Japan faces, saying that nation's economy is critical to the efforts of other Asian nations to emerge from a long economic slump," White House Spokesman Barry Toiv said.

Mr. Obuchi told Mr. Clinton the economy "is his top priority" and agreed to stay in close touch with U.S. officials, including the Treasury Department, on efforts that will soon be underway, Mr. Toiv said.

Japan has faced growing pressure from the U.S. to beef up its banking system and boost its stalling economy.
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