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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19142)8/4/1998 9:13:00 AM
From: Raj  Read Replies (2) of 50167
 
As always Iqbal, thanks for the great insight. Looks like the traders have their goals set around 150 level. When Rubin/MOF intervene IMO the bond market may feel the impact. Consumer spending is key to Japan's recovery...this is actually quite a complex socio-psycological phenomenon....it is hard to spend in the presence of a continuous stream of negative news. That is the time when great political charismatic leadership outweighs any economic policy.
Raj
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